Silicon Laboratories, Inc. (NASDAQ: SLAB)

This investigation is for anyone who acquired securities in Silicon Laboratories, Inc. (NASDAQ: SLAB) prior to January 29, 2024.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by telling investors that the Company had proper financial controls in place but then by failing to properly account for inventory.

On January 29, 2024, Silicon Labs announced that it was postponing its scheduled fourth quarter 2023 earnings call by one week. The Company disclosed that it “determined that a material weakness in internal control related to the operation and documentation of certain inventory controls existed as of December 30, 2023” and that the reporting delay would provide “additional time to evaluate the impact, if any, of the material weakness on the company’s financial reporting as of the end of the quarterly period.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Silicon Laboratories, Inc. (NASDAQ: SLAB) prior to January 29, 2024 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.