NEW YORK, March 4, 2021 / PRNewswire / –
Notice is hereby given that Monteverde & Associates PC has filed a class action lawsuit in United States District Court of the North District of California, Case 3: 21-cv-01108-JD, on behalf of the common shareholders of Xilinx, Inc. (“Xilinx” or the “Company”) (XLNX) who own securities of Xilinx and are harmed by alleged violations by Xilinx and its board of directors of sections 14 (a) and 20 (a) of the Securities Exchange Act of 1934 (the “Exchange Act”) in connection with the sale of the Company to Advanced Micro Devices, Inc. (“AMD”, “the proposed transaction”).
Under the terms of the transaction, each common share of Xilinx will be converted into 1.7234 common shares of AMD (the “Merger Consideration”) for each common share of Xilinx they hold. The complaint alleges that the merger consideration is inadequate and that the registration statement (the “Power of Attorney”) provides shareholders with materially incomplete and misleading information to the Securities and Exchange Commission, in violation of Articles 14 (a) and 20 (a) of the Exchange Act. In particular, the complaint alleges that the power of attorney contains materially incomplete and misleading information regarding: (i) financial projections for Xilinx and AMD; (ii) valuation analyzes performed by the Company’s financial advisor in support of its fairness opinion; and (iii) the basic process leading up to the proposed transaction.
If you wish to act as the principal applicant, you must move the Court no later than May 3, 2021. Any putative class member can ask the court to serve as the main plaintiff through any lawyer they choose, or they can choose to do nothing and remain an absent class member. If you would like to discuss this action, or have any questions regarding this notice of your rights or interests, please contact Monteverde & Associates PC.
Click here for more information: http://monteverdelaw.com/case/xilinx-inc. It’s free and at no cost or obligation for you.
About Monteverde & Associates PC
We are a national securities litigation class action law firm that has recovered millions of dollars and is committed to protecting shareholders from corporate wrongdoing. We have been listed in the Top 50 in the 2018 and 2019 ISS Securities Class Action Services Report. Our attorneys have significant experience in M&A litigation and securities class actions. Mr. Monteverde is recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013, 2017-2019, an award given to less than 2.5% of lawyers in a particular area. He was also selected by Martindale-Hubbell as the best lawyer 2017-2019. Recent successes of our firm include the law change in a significant victory that lowered the liability standard under Section 14 (e) of the Foreign Exchange Act in the Ninth Circuit. Subsequently, our firm managed to preserve this victory by obtaining the rejection of a writ of certiorari, inadvertently granted by the Supreme Court of the United States. Emulex Corp. c. Varjabedian, 139 S. Ct. 1407 (2019). In the past 3 years, we have recovered or secured 10 shareholder treasury mutual funds in M&A class actions.
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The empire state building
350 Fifth Ave, Suite 4405
New York, NY 10118
the United States of America
Phone: (212) 971-1341
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SOURCE Monteverde & Associates PC