Levi & Korsinsky announces it has commenced an investigation of Veeco Instruments Inc. (“Veeco Instruments” or “the Company”) (NASDAQGS: VECO) concerning possible violations of federal securities laws.
The investigation concerns whether certain materials issued pursuant to the Company’s merger with Ultratech, Inc. were materially false and/or misleading. In particular, the investigation concerns whether the Registration Statement and Prospectus issued concerning the merger failed to disclose, among other issues, Veeco’s known delays in orders, pricing pressure, reduced margins, and a dispute with its largest competitor in China. Following the completion of the merger, Veeco’s stock fell from $32.00 per share on May 26, 2017, to a close of $11.90 on December 8, 2017.
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