The Law Offices of Frank R. Cruz Announces Investigation of Silicon Laboratories Inc. (SLAB) on Behalf of Investors

The Law Offices of Frank R. Cruz announces an investigation of Silicon Laboratories Inc. (“Silicon Labs” or the “Company”) (NASDAQ: SLAB) on behalf of investors concerning the Company’s possible violations of federal securities laws.

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On January 29, 2024, Silicon Labs announced that it was postponing its scheduled fourth quarter 2023 earnings call by one week. The Company disclosed that it “determined that a material weakness in internal control related to the operation and documentation of certain inventory controls existed as of December 30, 2023” and that the reporting delay would provide “additional time to evaluate the impact, if any, of the material weakness on the company’s financial reporting as of the end of the quarterly period.”

On this news, Silicon Labs’ stock price fell $7.91, or 6%, to close at $123.55 per share on January 30, 2024, thereby injuring investors.

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If you purchased Silicon Labs securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to [e-mail], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240131912098/en/

The Silicon Laboratories Stock at the time of publication of the news with a fall of -0,15 % to 123,4USD on Nasdaq stock exchange (31. Januar 2024, 22:30 Uhr).