The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Cypress Semiconductor Corporation (“Cypress” or “the Company”) (NASDAQ: CY) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Cypress was named in an FDA news release on March 3, 2020, regarding cybersecurity vulnerabilities. The purpose of the FDA release was, “informing patients, health care providers and manufacturers about a set of cybersecurity vulnerabilities, referred to as ‘SweynTooth,’ that—if exploited—may introduce risks for certain medical devices.” According to the FDA, Cypress is one “of several manufacturers that are affected by these vulnerabilities.” Based on this news, shares of Cypress fell sharply in the following trading sessions.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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