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NATI.US
id: 889
National Instruments (NATI) Stocks Repurchasing Case
S.D. New York
Court1:23-cv-10488
Case number25 May 2022
Class period Start17 Jan 2023
Class period End29 Jan 2024
Lead Plaintiff motion deadline- National Instruments supposedly concealed a formal acquisition offer from Emerson while repurchasing its stock.
- This caused $NATI to drop unnaturally during several months.
It is claimed that when National Instruments was repurchasing its stock, they were aware of a formal acquisition offer from Emerson but did not disclose it.
Investors suppose that National Instruments had an obligation to disclose that it had received this offer or abstain from repurchasing.
Case Status
Motion to dismiss
Alleged Offence
Mismanagement,
Misleading Statements,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
17 January 2023
Filing date
30 November 2023
Lead Plaintiff Deadline
29 January 2024