Girard Sharp is investigating potential claims on behalf of former CMC Materials, Inc. stockholders who became Entegris, Inc. stockholders in the companies’ June 2022 merger for potential violations of state and federal securities laws that may have led to stock declines.
Following release of its results for the third quarter of 2022, in which Entegris missed its third-quarter estimates and forecast its fourth-quarter revenue below estimates, the stock declined approximately 20%. These financial results coincided with government export restrictions which reduced demand in the semiconductor market.
If you are former CMC Materials, Inc. stockholder that became an Entegris stockholder through the companies’ June 2022 merger, you may have a legal claim. For a free consultation, fill out the form below or call us toll-free at (866) 981-4800.
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Girard Sharp LLP represents investors, consumers, and institutions in class actions and other complex litigation nationwide. Our class action attorneys have obtained multimillion-dollar recoveries for victims of unfair and deceptive practices in antitrust, financial fraud, and consumer protection matters against some of the country’s largest corporations. We served on the leadership team in the securities litigation following the collapse of Lehman Brothers, the largest bankruptcy in U.S. history, in which total recoveries for investors exceeded $700 million. We also served on the Plaintiffs’ executive committee in the recent spoofing litigation against JPMorgan Chase that returned $60 million to investors. When Sallie Mae, the leading provider of student loans in the United States, misled the public about its financial performance to inflate the company’s stock price, we recovered $35 million for investors in the company. Read more about our track record in securities cases here.
