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Xilinx Inc.

Bernstein Liebhard, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of Xilinx Inc. (“Xilinx” or the “Company”) (NASDAQ: XLNX) resulting from allegations that Xilinx might have issued misleading information to the investing public.

If you purchased Xilinx securities, and/or would like to discuss your legal rights and options, please click “Join Class Action” above. 

New York, New York — Bernstein Liebhard, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of Xilinx Inc. (“Xilinx” or the “Company”) (NASDAQ: XLNX) resulting from allegations that Xilinx might have issued misleading information to the investing public.

 

On September 19, 2019, post-market, Xilinx announced that the Company’s Chief Financial Officer and Executive Vice President, Lorenzo Flores, was stepping down from his position to pursue another opportunity following the Company’s second quarter fiscal year 2020 earnings on October 23.

Then, on September 20, 2019, Bank of America downgraded Xilinx to Neutral.  Bank of America cited uncertainties that could limit share upside, increasing competitive pressure in 5G base station silicon, and slower data center ramp.

 

On this news, Xilinx’s stock price fell sharply during intraday traidng on September 20, 2019 to close at $96.55 on September 20, 2019.

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.

ATTORNEY ADVERTISING. © 2019 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin.  Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information

Matthew E. Guarnero Bernstein Liebhard LLP https://www.bernlieb.com (877) 779-1414 MGuarnero@bernlieb.com