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Glancy Binkow & Goldberg LLP Announces Investigation of Advanced Analogic Technologies Incorporated

^{Published on 2011-10-28 17:43:04 - Market Wire}
 

LOS ANGELES--([ BUSINESS WIRE ])--Glancy Binkow & Goldberg LLP announces that it is investigating potential claims against Advanced Analogic Technologies Incorporated (aAATIa or the aCompanya) (NASDAQ:AATI) concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by the Company between May 26, 2011 and September 19, 2011, relating to the Companyas May 26, 2011 announcement that it had entered into a definitive agreement to be purchased (the aMerger Agreementa) by Skyworks Solutions, Inc. (aSkyworksa) (NASDAQ: SWKS), were false and misleading.

Specifically, the investigation relates to Skyworks' September 19, 2011 disclosure that it had delivered a notice of breach to AATI pursuant to the Merger Agreement. On this news, shares of AATI declined $0.69 per share, almost 15%. Subsequently, on September 26, 2011, Skyworks filed an arbitration petition against AATI in the Delaware Court of Chancery asserting claims against AATI for breach of the Merger Agreement and claims based on misrepresentations by AATI to Skyworks dating from before the signing of the Merger Agreement to the present, and seeking an order: (i) declaring that Skyworks is relieved of its obligations under the Merger Agreement; (ii) declaring that Skyworks is entitled to terminate the Merger Agreement; and (iii) in the alternative, awarding damages in an amount to be proven at final hearing.

If you purchased AATI securities between May 26, 2011 and September 19, 2011, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1801 Avenue of the Stars, Suite 311, Los Angeles, California 90067, by telephone at (310) 201-9150 or Toll Free at (888) 773-9224, by e-mail to [ shareholders@glancylaw.com ], or visit our website at [ http://www.glancylaw.com ].

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