The Newsroom

Investigations  /  03.23.2020

Investigation of Alpha and Omega Semiconductor

You Have Legal Options

Alpha and Omega Semiconductor Limited (AOSL) Accused of Misleading Shareholders 

According to the complaint for alleged violations of the Securities Exchange Act of 1934 between August 7, 2019 and February 5, 2020, in August 2019, Alpha and Omega filed its full year 2019 financial results, reporting revenue of $450.9 million and assuring that “despite the ongoing challenges of current market conditions… [the Company] is consistently making progress toward [its] calendar 2021 annual revenue target of $600 million.” Later that month, the Company touted its global business model, but failed to disclose that the Company was in violation of several laws and regulations. On February 5, 2020, Alpha and Omega revealed that the U.S. Department of Justice “recently commenced an investigation into the Company’s compliance with export control regulations with Huawei and its affiliates” and went on to disclose that as a result, the Department of Commerce had requested a suspension of its product shipments to Huawei, which would consequently reduce revenue by approximately $4 million to $5 million in the March quarter. On this news, Alpha and Omega’s stock price fell almost 12% to close at $10.85 per share.

  • If you would like more information about your rights and potential remedies please send us a message. 

  • Please Note: Neither the submission to nor the receipt of information by Robbins LLP or one of its attorneys through this website constitutes an agreement by our firm to represent the individual and does not create an attorney-client relationship. Please do not send confidential or sensitive information through this website. This information should be communicated through a direct contact with an individual at the firm.

How can we help you?

CONTACT US TODAY | 1 800 350 6003 or [email protected]

Tell us your concerns