NEW YORK--(BUSINESS WIRE)--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of MaxLinear, Inc (“MaxLinear” or “the Company”) (NYSE: MXL). Investors who purchased MaxLinear securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/MXL.
Investigation Details
On July 24, 2024, MaxLinear issued a press release announcing its second quarter 2024 results, including net revenue for the quarter amounting to just $92 million, down 50% year-over-year. The Company attributed this decline, at least in part, to a prolonged burn-off of excess customer inventory, leading to weakened demand. Following this news, MaxLinear’s stock price fell $8.27 per share, or 37.1%, to close at $14.02 on July 25, 2024.
What's Next?
If you are aware of any facts relating to this investigation or purchased MaxLinear securities, you can assist this investigation by visiting the firm’s site: bgandg.com/MXL. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
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Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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