SAN FRANCISCO, Oct. 9, 2019 /PRNewswire/ -- Hagens Berman notifies Monolithic Power Systems, Inc. (NASDAQ:MPWR) investors of the firm's investigation of possible violations of the federal securities laws.
Monolithic Power Systems, Inc. (MPWR) Investigation:
The investigation centers on whether Monolithic Power engaged in fraudulent accounting.
On October 9, 2019, Spruce Point Capital Management published a scathing report about the company, suggesting Monolithic Power Systems engaged in improper inventory manipulation and overstated sales.
In response, the price of Monolithic Power Systems shares steeply fell during intraday trading on October 9, 2019.
"We're focused on investors' losses and whether Monolithic Power violated Generally Accepted Accounting Principles," said Reed Kathrein, the Hagens Berman partner leading the investigation.
Contact:
Reed Kathrein, 510-725-3000
SOURCE Hagens Berman Sobol Shapiro LLP
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