Kulick and Soffa Industries, Inc. Securities Litigation
On or around 11/07/2018 (Ongoing date of last review)
Filing Date: May 11, 2018
According to the Complaint, Kulick and Soffa Industries, Inc. designs, manufactures, and sells capital equipment and expendable tools to assemble semiconductor devices.
On May 11, 2018, Plaintiff's law firm issued a press release announcing the filing of the Complaint. The Complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Kulicke and Soffa’s consolidated financial statements for the fiscal year ending September 30, 2017 could no longer be relied upon due to misstated warranty accruals; and (2) as a result, Defendants’ public statements were materially false and misleading at all relevant times.
On September 11, 2018, the Court issued an Order appointing Lead Plaintiffs and Counsel. On October 24, Lead Plaintiffs filed an amended Complaint.
Company & Securities Information
Defendant: Kulick and Soffa Industries, Inc.
Ticker Symbol: KLIC
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Manindra Kumar, et al. v. Kulick and Soffa Industries, Inc., et al.