Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating whether certain directors and officers of ON Semiconductor Corporation (“onsemi”) (NASDAQ: ON) breached their fiduciary duties to onsemi and its shareholders. If you are an onsemi shareholder, you may contact attorney Joe Pettigrew for additional information toll-free at 844-818-6982 or jpettigrew@scott-scott.com.
Scott+Scott is investigating whether members of onsemi’s board of directors or senior management failed to manage onsemi in an acceptable manner, in breach of their fiduciary duties to onsemi, and whether onsemi and its shareholders have suffered damages as a result.
On October 30, 2023, onsemi revealed that it would miss its $1 billion 2023 SiC revenue target by $200 million, despite previously touting the robustness of onsemi’s LTSA customer relationship strategy. On this news, the price of onsemi stock fell by approximately 22%.
What You Can Do
If you are an onsemi shareholder, you may have legal claims against onsemi’s directors and officers. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Joe Pettigrew toll-free at 844-818-6982 or jpettigrew@scott-scott.com.
About Scott+Scott
Scott+Scott has significant experience in prosecuting major securities, antitrust, and consumer rights actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, California, and Ohio.
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CONTACT:
Joe Pettigrew
Scott+Scott Attorneys at Law LLP
600 W. Broadway, Suite 3300
San Diego, CA 92101
844-818-6982