BENSALEM, Pa.--(BUSINESS WIRE)--
Law Offices of Howard G. Smith announces that it is investigating potential claims against Diodes, Inc. (“Diodes” or the “Company”) (DIOD) concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by Diodes between February 9, 2011 and June 9, 2011 were false and misleading regarding the Company’s business and financial prospects.
Diodes, together with its subsidiaries, designs, manufactures and supplies application-specific standard products in the discrete, logic and analog semiconductor markets primarily in Asia, North America and Europe. The investigation is related to allegations that the Company misrepresented and/or failed to disclose: (1) labor problems associated with its backend facility in China that were much more severe and prolonged than publicly represented; (2) that the Company’s gross margins were being impacted by higher than expected wages and labor shortages; and (3) that the Company was experiencing decreasing demand for its products, especially from its LED TV and notebook customers.
If you purchased Diodes shares between February 9, 2011 and June 9, 2011, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to email@example.com, or visit our website at http://www.howardsmithlaw.com.