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Adesto Technologies

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2020

    Class action lawsuit filed against Adesto Technologies

    Lawsuit filed

    Stockholder Peter Stein filed a class action complaint against Adesto Technologies, alleging violations of the Securities Exchange Act related to the proposed merger with Dialog Semiconductor and claiming that the preliminary proxy statement was materially incomplete and misleading.

    Source excerpt

    • Stockholder Peter Stein has filed a class action complaint against Adesto Technologies for violating the Securities Exchange Act of 1934.
    • April 14, 2020
    • Stein alleges that on March 16, in an effort to convince shareholders to vote for the proposed merger, “the Board authorized the filing of a materially incomplete and misleading Form PREM14A Preliminary Proxy Statement (the ‘Preliminary Proxy’) with the Securities and Exchange Commission (‘SEC’), in violation of Sections 14(a) and 20(a) of the Exchange Act.”
    Source