We Give Shareholders a Voice

MagnaChip Semiconductor Corporation Info Request Form

Levi & Korsinsky announces the filing of a class action lawsuit in the United States District Court for the Northern District of California on behalf of shareholders who purchased MagnaChip Semiconductor Corporation (NYSE: MX) securities between February 1, 2012 and February 12, 2015.

The complaint alleges that MagnaChip failed to disclose that it improperly recognized revenues, resulting in the overstatement of revenues and earnings in financial statements from 2011, 2012, and the first nine months of 2013. As a result of the aforementioned, MagnaChip traded at artificially inflated prices, allowing controlling shareholder Avenue Capital Management II, L.P. to sell more than 16.1 million shares in secondary stock offerings for $232.675 million in gross proceeds. On February 12, 2015, the Company filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2013, restating its financial results for fiscal years 2011, 2012, and the first three quarters of 2013. On April 1, 2015, the Company received notice from NYSE that it is no longer compliant with listing requirements. If you suffered a loss in MagnaChip you have until June 22, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

To receive more information, please fill out the form.

Request More Information

Levi & Korsinsky, LLP does not share your information with others. There is no cost or obligation for you to submit.

This submission does not create an attorney-client relationship. If we believe that you might be an appropriate lead plaintiff, we will contact you to discuss whether to establish an attorney-client relationship.

This letter confirms that you have retained Levi & Korsinsky, LLP to represent you as a named plaintiff in a shareholder action involving MagnaChip Semiconductor Corporation.

We agree to advance all expenses in the litigation, which means that you are not liable to pay any of the expenses of the lawsuit, whether attorneys' fees or costs. Regardless of the result, we will never ask you to directly pay for any attorneys' fees or costs. Should we obtain a favorable result, we may ask the court to award us compensation to be paid by the defendants or as a portion of any class benefit, but, again, we will never ask you to directly pay any of the costs of this litigation.

As the client you are entitled to direct the litigation in any way you deem proper, and may at any time order us to dismiss the case or opt-out. Should you choose to do so, we will never ask you to reimburse us directly for any legal fees or expenses. During the course of this litigation, we may employ and/or work with other law firms to prosecute your case.

We look forward to representing you and other MagnaChip shareholders.


Levi & Korsinsky,LLP

Joseph Levi

AGREED: Sign Name Clear