NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C., a nationally recognized shareholder law firm, is investigating potential claims against Alpha and Omega Semiconductor Limited (NASDAQ: AOSL) (“AOS”) on behalf of AOS stockholders. Our investigation concerns whether AOS has violated the federal securities laws and/or engaged in other unlawful business practices.
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On February 5, 2020, AOS issued a press release announcing its financial results for the second fiscal quarter of 2020. In its press release, the Company disclosed that the U.S. Department of Justice “recently commenced an investigation into the Company's compliance with export control regulations relating to certain business transactions with Huawei and its affiliates (‘Huawei’)” and that “[i]n connection with this investigation, [the Department of Commerce] has requested the Company to suspend shipments of its products to Huawei . . . . Accordingly, we expect the financial performance in the March quarter will be negatively impacted by the Huawei shipment interruption and by additional professional fees incurred in connection with the investigation.”
On this news, AOS's stock price fell $1.48 per share, or 12%, to close at $10.85 per share on February 6, 2020.
If you purchased or otherwise acquired AOS shares and suffered a loss, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato or Marion Passmore by email at firstname.lastname@example.org, or telephone at (646) 860-9156, or by filling out this contact form. There is no cost or obligation to you.
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