BOSTON, Feb. 12, 2019 (GLOBE NEWSWIRE) -- Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, is investigating whether United Microelectronics Corp. (“UMC” or the “Company”) (NYSE: UMC) and certain of its officers and directors violated federal securities laws.
On November 1, 2018, the U.S. Department of Justice indicted UMC for industrial espionage. The indictment stated that UMC and another company conspired to steal trade secrets from U.S. semiconductor company Micron Technology, Inc. relating to its research and development of memory storage devices. Following news of the Company's indictment, UMC's stock price fell sharply over the following trading days.
If you have purchased or otherwise acquired UMC securities and have questions about your legal rights, or possess information relevant to this investigation, you are encouraged to contact Block & Leviton LLP at (888) 868-2385, by email at info@blockesq.com, or by visiting http://shareholder.law/cases/?case=umc.
Block & Leviton LLP was recently ranked 4th among securities litigation firms by ISS for recoveries in 2017. The firm represents many of the nation's largest institutional investors and numerous individual investors in securities litigation throughout the country. Indeed, its lawyers have recovered billions of dollars for its clients.
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