On February 22, 2021, United States District Judge John J. Tuchi granted Lead Plaintiff Ronald Jackson’s motion for class certification in its entirety, certifying a class “of all persons who purchased or otherwise acquired Microchip Technology, Inc. (‘Microchip’) common stock on a U.S. open market during the class period March 2, 2018 through August 9, 2018, both dates inclusive.” Excluded from the class are the Defendants and their affiliates.
The Court also appointed Mr. Jackson as the Class Representative, and Wolf Popper LLP, counsel to Mr. Jackson, as Class Counsel, finding that the requirements of Rule 23(g) of the Federal Rules of Civil Procedure— that a counsel seeking appointment demonstrate that it will fairly and adequately represent the class’s interest—had been met.
Information about the rights of Class members and a copy of the Notice of Pendency of Class Action are available at the Microchip Technology Securities Litigation website: www.microchiptechnologysecuritieslitigation.com/. The deadline for Class members to request exclusion from the Class is November 2, 2021.