(SNPS) NEWS: Synopsys Investigation Commences: Contact Johnson Fistel Regarding if You Have Incurred Losses
SAN DIEGO, April 14, 2022 (Globe Newswire/ –) — Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of the federal securities laws by Synopsys, Inc. (“Synopsys” or the “Company”) (NASDAQ: SNPS).
What is Johnson Fistel investigating? On April 13, 2022, it was reported investigators are looking into allegations that Synopsys, working with affiliates in China, provided chip designs and software to Huawei Technologies Co.’s HiSilicon unit for manufacture at Semiconductor Manufacturing International Corp. U.S. companies are barred from selling some types of technology to Huawei and SMIC because they’ve been designated as threats to national security by the Commerce Department’s Bureau of Industry and Security (BIS).
Synopsys in December disclosed it had received a subpoena from BIS relating to “transactions with certain Chinese entities,” without specifying when it received the request or providing further details.
Following this report, Synopsys’ share price fell $4.11 to close at $306.72 per share on April 13, 2022, thereby injuring investors.
What actions may I take at this time? If you purchased Synopsys’ securities and suffered significant losses on your investment, contact Johnson Fistel, LLP and submit your losses below:
For more information, visit our website at https://www.johnsonfistel.com/faq
There is no cost or obligation to you.
What if I have information relevant to the investigation? Individuals with nonpublic information regarding Synopsys should consider whether to assist our investigation or take advantage of the SEC Whistleblower program. Under the SEC program, whistleblowers who provide original information may, under certain circumstances, receive rewards totaling up to thirty percent of any successful recovery made by the SEC. For more information, contact Jim Baker at (619) 814-4471 or firstname.lastname@example.org.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. Johnson Fistel seeks to recover losses incurred due to violations of federal securities laws. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson Fistel, LLP
Jim Baker, 619-814-4471