SOURCE: Stull, Stull & Brody

February 27, 2008 18:38 ET

Stull, Stull & Brody Announces Class Action on Behalf of Shareholders of Maxim Integrated Products, Inc.

NEW YORK, NY--(Marketwire - February 27, 2008) - Attorney Advertising. Notice is hereby given that a class action has been commenced in the United States District Court for the Northern District of California on behalf of purchasers of Maxim Integrated Products, Inc. ("Maxim" or the "Company") (PINKSHEETS: MXIM) (formerly NASDAQ: MXIM) common stock and/or options between April 29, 2003 and January 17, 2008 (the "Class Period").

The complaint charges that Maxim and certain of its former officers violated Section 10(b) and 20(a) of the Securities Exchange Act of 1934 by engaging in improper stock option backdating that caused the issuance of materially false and misleading financial statements during the Class Period.

The complaint asserts that on January 17, 2008, the Company announced that it would be restating its financial statements to reflect $650 million of additional stock-based compensation expense and that its previously issued financial statements could no longer be relied upon. As a result of these adverse disclosures, the Company's stock price has declined 22%.

Plaintiff seeks to recover damages on behalf of all those who purchased or otherwise acquired Maxim common stock and/or options during the Class Period, which is between April 29, 2003 and January 17, 2008. If you purchased or otherwise acquired Maxim common stock and/or options during the Class Period, and either lost money on the transaction(s) or still hold the securities, you may wish to join in the action to serve as lead plaintiff. If you purchased Maxim common stock and/or options during the Class Period, you may request that the Court appoint you as lead plaintiff by no later than April 7, 2008.

A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Stull, Stull & Brody, or other counsel of your choice, to serve as your counsel in this action. Stull, Stull & Brody has litigated many class actions for violations of securities laws in federal courts over the past 30 years and has obtained court approval of substantial settlements on numerous occasions. Stull, Stull & Brody maintains offices in New York and Los Angeles.

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Tzivia Brody, Esq. at Stull, Stull & Brody, by e-mail at, by calling toll-free 1-800-337-4983, by fax at 1-212-490-2022, or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017. You can also visit our website at

Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.

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