SiTime Corporation (NASDAQ: SITM)

This investigation is for anyone who acquired securities in SiTime Corporation (NASDAQ: SITM) prior to January 25, 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 misclassifying interest received upon maturity of held-to-maturity securities as an investing activity instead of as an operating activity.

On January 25, 2024, SiTime disclosed that it had “identified a correction required to be made in its historical condensed consolidated statements of cash flows for each of the first three quarters of 2023.” The Company claimed the correction relates to “the misclassification of ‘interest received upon maturity of held-to-maturity securities’ as an investing activity instead of as an operating activity.” 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 SiTime Corporation (NASDAQ: SITM) prior to January 25, 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.