United Microelectronics Corporation : American Depositary Shares Securities Litigation

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Lawsuit Overview

Defendant:United Microelectronics Corporation
Date Filed:March 14th, 2019
Sector:Technology
Industry:Semiconductors
Class Start Date:October 28th, 2015
Class End Date:November 1st, 2018
Settlement Website: http://www.umcsecuritieslitigation.com

According to the Complaint, United Microelectronics Corporation ("UMC" or the "Company") provides semiconductor wafer foundry solutions.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding UMC's business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) UMC conspired with Fujian to steal trade secrets from Micron relating to its research and development of DRAM; (ii) UMC hired former Micron employees for the purpose of stealing such information from Micron; (iii) the foregoing conduct placed UMC and certain of its employees at an increased risk of criminal and regulatory investigation by the U.S. government; and (iv) as a result, UMC's public statements were materially false and misleading at all relevant times.

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First Identified Complaint

Kevin D. Meyer, et al. v. United Microelectronics Corporation, et al.

Date Filed:March 14th, 2019
Class Period Start:October 28th, 2015
Class Period End:November 1st, 2018
First Identified Complaint Filings
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