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Kulicke and Soffa Industries, Inc.

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The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. On May 10, 2018, Kulicke and Soffa disclosed in a press release that it would not file its Quarterly Report on Form 10-Q with the SEC on time. The Company reported that it “learned of certain unauthorized transactions by a senior finance employee of the Company,” and has opened an investigation. Additionally, the Company disclosed “certain warranty accruals in prior periods had been accounted for incorrectly and [were] therefore misstated.” After this news hit the market, Kulicke and Soffa shares fell sharply during intraday trading.

Press Release

NEW INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Kulicke and Soffa Industries, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Kulicke and Soffa Industries, Inc. (“Kulicke and Soffa” or the “Company”) (NASDAQ: KLIC) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. On May 10, 2018, Kulicke and Soffa disclosed in a press release that it would not file its Quarterly Report on Form 10-Q with the SEC on time. The Company reported that it “learned of certain unauthorized transactions by a senior finance employee of the Company,” and has opened an investigation. Additionally, the Company disclosed “certain warranty accruals in prior periods had been accounted for incorrectly and [were] therefore misstated.” After this news hit the market, Kulicke and Soffa shares fell sharply during intraday trading.

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We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:
The Schall Law Firm
Brian Schall, Esq.
Sherin Mahdavian, Esq.

www.schallfirm.com