National Instruments Corporation (NASDAQ: NATI)

This lawsuit is for anyone who sold securities in National Instruments Corporation (NASDAQ: NATI) from May 25, 2022 through January 17, 2023.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by concealing that the Emerson Electric Co. offered to purchase the Company.  By concealing the offer, the Company kept the price of its stock artificially low so that the Company could repurchase its stock at artificially suppressed prices, thereby injuring the sellers of the stock.

On January 17, 2023, Emerson also posted a comment to its LinkedIn social media account, stating in pertinent part that “Emerson today announced that it has submitted a proposal to acquire National Instruments for $53 per share in cash.” On this news, the price of the Company’s stock rose precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you sold securities in National Instruments Corporation (NASDAQ: NATI) from May 25, 2022 through January 17, 2023 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.