Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces the Filing of a Securities Class Action on Behalf of National Instruments Corporation (NATI) Investors

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, announces that a class action lawsuit has been filed on behalf of investors who sold National Instruments Corporation (“National Instruments” or the “Company”) (NASDAQ: NATI) common stock between May 25, 2022 and January 17, 2023, inclusive (the “Class Period”). National Instruments investors have until January 29, 2024 to file a lead plaintiff motion.

If you suffered a loss on your National Instruments investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/National-Instruments-Corporation/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [e-mail] to learn more about your rights.

On January 17, 2023, before the market opened, Emerson Electric Co. (“Emerson”) announced that it had made an all-cash offer to purchase all National Instruments shares for $53 per share. The timeline of the previous communications regarding Emerson’s offer indicates that Emerson had made its initial offer of $48 per share on May 25, 2022, emphasizing that National Instruments had concealed Emerson’s all-cash, no financing contingency, no regulatory risk offer from the investing public.

The complaint filed in this class action alleges that throughout the Class Period, Defendants failed to disclose to investors that NATI had received a formal acquisition offer from Emerson to purchase all outstanding shares of NATI common stock at prices significantly above the then-current market prices of NATI common stock, and therefore significantly above the prices at which NATI was repurchasing NATI common stock from unsuspecting Class members. Accordingly, NATI had an obligation to disclose that it had received a formal acquisition offer from Emerson or abstain from purchasing NATI stock from unsuspecting investors.

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If you sold National Instruments securities during the Class Period, you may move the Court no later than January 29, 2024 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [e-mail], or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

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