NEW YORK, Sept. 27, 2019 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors that it has commenced an investigation of Xilinx, Inc. (“Xilinx” or “the Company”) (NASDAQ: XLNX) concerning possible violations of federal securities laws.
Post-market on September 19, 2019, Xilinx announced that Lorenzo Flores, the Company's Chief Financial Officer and Executive Vice President, was "stepping down from his position to pursue another executive opportunity . . . following the company's second quarter fiscal year 2020 earnings on October 23." The next day, on September 20, 2019, Bank of America downgraded Xilinx to Neutral, citing uncertainties that could limit share upside, increasing competitive pressure in 5G base station silicon, and slower data center ramp.
On this news, Xilinx's stock price fell sharply. To obtain additional information, go to:
https://www.zlk.com/pslra-1/xilinx-inc-loss-form
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
