Diodes Incorporated (NASDAQ:DIOD) Shareholder Class Action Lawsuit

A lawsuit has been filed in the U.S. District Court for the Eastern District of Texas by an investor who owns shares of Diodes Incorporated (NASDAQ:DIOD). The complaint filed alleges that Diodes Incorporated has committed violations of Federal Securities Laws due to false and misleading statements made by the Company. The Plaintiff alleges that the false statements in question were made during the time period between February 9th and June 9th 2011.  

If you have purchased shares of Diodes Incorporated (NASDAQ:DIOD) prior to June 9, 2011, call 1-800-934-2921 right now to protect your rights.

Filing deadline:   05/14/2013

The lawsuit was filed on behalf of all investors who purchased shares of Diodes Incorporated (NASDAQ:DIOD) common stock during the time period between February 9th 2011 and June 9th 2011. The complaints alleges that Diodes Incorporated, as well as some of the Company's directors and officers have acted in violation of the Securities Exchange Act of 1934 by making statements that were materially false or misleading, related to the Company's future prospects as well as its overall financial performance.

Some of the allegations of false or misleading statements come as a result of a report issued by Diodes Incorporated (NASDAQ:DIOD) indicated that the Company's annual Revenue was $432.79 million in 2008 and rose to $635.25 million in 2011. On the other hand, the report by Diodes Incorporated showed that their Net Income went down from $76.73 million in 2010 to $50.74 million in 2011.

It was only on June 9th 2011 that the Company made an update to its financial guidance for 2011's second quarter.

Diodes Incorporated's shares were trading at a high point of $34.22 per share in April 2011, but reached a low point of $13.36 per share as of November 2012.

As of March 15th 2012, shares of NASDAQ:DIOD were trading at just above $21, which is still far below the high of $34.22 per share that they reached in April 2011.

Own shares of Diodes Incorporated (NASDAQ:DIOD)? Contact us to protect your rights.

If you have purchased shares of Diodes Incorporated (NASDAQ:DIOD) prior to June 9, 2011, call 1-800-934-2921 right now to protect your rights. Complete the form on this page or call attorney Bill Kyros at 1-800-934-2921 right now to protect your rights. 

Complete the form below for a free no obligation consultation. 

 

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