Water Island Event-Driven Fund v. MaxLinear, Inc.
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF CALIFORNIA 10 WATER ISLAND EVENT-DRIVEN Case No.: 23-cv-1607-LAB-VET FUND, on behalf of itself and all 12 others similarly situated, ORDER APPOINTING LEAD PLAINTIFF AND APPROVING Plaintiff,
SELECTION OF LEAD
14 v. COUNSEL [Dkt. 14, 15] 15 MAXLINEAR, INC.; et al., 16 Defendants.
On August 31, 2023, Water Island Event-Driven Fund (“Water Island”) filed a putative class action lawsuit alleging violations of §§ 10(b) and 20(a) of the Securities Exchange Act of 1934 (“Exchange Act”) and Securities Exchange Commission Rule 10b-5. (Dkt. 1, Compl.). This action was brought on behalf of purchasers of Silicon Motion Technology Corporation’s (“SIMO”) American Depositary Shares (“ADS”) from June 6, 2023 through July 26, 2023 (the “Class Period”), against Maxlinear, Inc. and two executive officers: (1) Chairman, President, and Chief Executive Officer Kishore Seendripu and (2) Chief Financial Officer and Chief Corporate Strategy …