Thieler Law Corp advises investors with losses exceeding $100,000 of the May 13, 2019 lead plaintiff deadline in a class action lawsuit filed against United Microelectronics Corporation (NYSE: UMC) (“UMC” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased United Microelectronics Corporation securities between October 28, 2015 and November 1, 2018, have until May 13, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased United Microelectronics Corporation securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that UMC conspired with Fujian to steal trade secrets from Micron relating to its research and development of DRAM; UMC hired former Micron employees for the purpose of stealing such information from Micron; the foregoing conduct placed UMC and certain of its employees at an increased risk of criminal and regulatory investigation by the U.S. government; and as a result, UMC’s public statements were materially false and misleading at all relevant times.

On November 1, 2018, the U.S. Department of Justice indicted UMC for conspiracy to commit electronic espionage, conspiracy to commit theft of trade secrets, and economic espionage.  The indictment stated that UMC and another company, Fujian Jianhua Integrated Circuit Co. Ltd., conspired to steal trade secrets from U.S. semiconductor company Micron Technology, Inc. relating to its research and development of memory storage devices

On this news, NYSE: UMC fell by $0.19 per share, or 10%, over the next two trading days to close at $1.71 per share on November 5, 2018.

If you were negatively impacted by your investment in United Microelectronics Corporation securities between October 28, 2015 and November 1, 2018 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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