Adesto Technologies Corporation Securities Litigation

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Lawsuit Overview

Defendant:Adesto Technologies Corporation
Date Filed:March 20th, 2020
Sector:Technology
Industry:Semiconductors
Class Start Date:February 20th, 2020
Class End Date:March 20th, 2020

According to the Complaint, Adesto Technologies Corporation is a leading provider of application-specific semiconductors and embedded systems for the Industrial IoT .

This action stems from a proposed transaction announced on February 20, 2020, pursuant to which Adesto Technologies Corporation will be acquired by Dialog Semiconductor plc.

On February 20, 2020, Adesto's Board of Directors caused the Company to enter into an agreement and plan of merger with Dialog. Pursuant to the terms of the Merger Agreement, Adesto's stockholders will receive $12.55 in cash for each share of Adesto common stock they own.

On March 16, 2020, Defendants filed a proxy statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction. The Complaint alleges that the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.

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First Identified Complaint

Jordan Rosenblatt, et al. v. Adesto Technologies Corporation, et al.

Date Filed:March 20th, 2020
Class Period Start:February 20th, 2020
Class Period End:March 20th, 2020
First Identified Complaint Filings
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