National Instruments – Twersky Law Group, a highly regarded and reputable law firm based in New York, wishes to inform investors about a significant development in the form of a class action lawsuit against National Instruments Corporation (“National Instruments” or “the Company”) (NASDAQ: NATI) and certain officers of the company. This lawsuit has been filed on behalf of all individuals and entities that purchased or otherwise acquired National Instruments securities from May 25, 2022 and January 17, 2023. (the “Class Period”). Investors who acquired National Instruments securities during this defined timeframe are strongly encouraged to participate in this case by contacting email@example.com. The deadline to file a motion for appointment of lead plaintiff is January 29, 2024.
The fundamental objective of this class action lawsuit is to recover for the benefit of investors who purchased National Instruments securities during the Class Period, the losses they sustained as a consequence of the misleading statements made by Defendants in violation of the federal securities laws.
ALLEGATIONS AGAINST NATIONAL INSTRUMENTS
National Instruments is a producer of automated test equipment and virtual instrumentation software. The National Instruments class action lawsuit alleges that defendants throughout the Class Period made false statements and/or omitted to disclose material information that artificially deflated the price of National Instruments common stock. The National Instruments class action lawsuit alleges that at the time that National Instruments was repurchasing National Instruments stock, defendants knew that National Instruments had received a formal acquisition offer from Emerson. Accordingly, National Instruments had an obligation to disclose that it had received a formal acquisition offer from Emerson or abstain from purchasing National Instruments stock from unsuspecting investors.
ABOUT NATIONAL INSTRUMENTS
- National Instruments Corporation, founded in 1976 and headquartered in Austin, Texas, is a global company specializing in software and hardware solutions for testing and measurement applications. Known for its flagship product, LabVIEW (Laboratory Virtual Instrument Engineering Workbench), the company provides a system design platform that integrates hardware and software for engineers and scientists in various industries, including automotive, aerospace, telecommunications, and energy. National Instruments is recognized for its unique corporate culture that emphasizes innovation, collaboration, and employee empowerment. With a global presence and a commitment to serving diverse sectors, the company plays a significant role in research and development, quality testing, and manufacturing applications worldwide.
JOIN THIS CASE
It is important to note that a class action lawsuit has already been filed in connection with these allegations. Therefore, for those individuals who suffered financial losses in their investments in National Instruments during the Class Period, there is a limited opportunity to seek appointment as a lead plaintiff. This process entails requesting the Court to designate them as the primary representative on behalf of the entire class. The deadline for submitting such a request is January 29, 2023. It is important to emphasize that while becoming a lead plaintiff can offer certain advantages, participation in the recovery process and the potential for financial compensation does not mandate serving as a lead plaintiff.
Twersky Law Group, a distinguished legal firm renowned for its attorneys expertise in handling securities fraud class actions and shareholder derivative suits, who have a long-standing track record of successfully recovering significant sums of money for investors nationwide. With an unwavering commitment to seeking justice for their clients, the firm’s attorneys are resolute in pursuing fair compensation on behalf of those affected by alleged securities law violations. As with any legal matter, it is essential to understand that this announcement constitutes attorney advertising. Past case outcomes and results achieved do not guarantee similar outcomes in this particular case.