Workflow
MXL FRAUD NOTICE: The Securities Fraud Investigation into MaxLinear, Inc. is Ongoing – Contact BFA Law if You Suffered Losses (Nasdaq:MXL)
MaxLinearMaxLinear(US:MXL) GlobeNewswire News Room·2024-09-27 10:18

Core Insights - MaxLinear, Inc. is under investigation for potential violations of federal securities laws following a significant drop in its stock price [1][3] - The company reported a net revenue of $92 million for Q2 2024, representing a 50% decline year-over-year, attributed to excess customer inventory and weakened demand [2] - Following the earnings announcement, MaxLinear's stock price fell by 26%, closing at $22.29 per share before dropping to $16.40 per share the next day [3] Company Overview - MaxLinear specializes in integrated radio-frequency analog and mixed-signal semiconductor products for broadband communications applications [1] Legal Context - Bleichmar Fonti & Auld LLP is conducting the investigation and encourages affected investors to seek legal options [4] - The law firm operates on a contingency fee basis, meaning shareholders will not incur costs unless the case is successful [4] Law Firm Credentials - Bleichmar Fonti & Auld LLP is recognized as a leading international law firm in securities class actions, having achieved notable recoveries in past cases [5]