Lattice Semiconductor Corporations, Others Drilled with Securities Class Ac

New to ClassAction.org? Read our Newswire Disclaimer

A proposed class action out of Oregon alleges Lattice Semiconductor Corporation, its board of directors, and the below defendants violated the Securities Exchange Act of 1934:

Court documents note that the lawsuit stems from the proposed acquisition of Lattice Semiconductor Corporation by Canyon Bridge Capital Partners, Inc. and its affiliates. The lawsuit alleges that proposed class members, i.e. Lattice stockholders, were harmed when the proxy statement submitted by the defendants to the United State Securities and Exchange Commission – in connection with the aforementioned acquisition – omitted material information. In short, the lawsuit says the defendants asked for much less than what stockholders claim Lattice is truly worth in the proposed acquisition.