The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of National Instruments Corporation (NATI) Investors

The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that sold National Instruments Corporation (“National Instruments” or the “Company”) (NASDAQ: NATI) common stock between May 25, 2022 and January 17, 2023, inclusive (the “Class Period”). National Instruments investors have until January 29, 2024 to file a lead plaintiff motion.

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On January 17, 2023, before the market opened, Emerson Electric Co. (“Emerson”) announced that it had made an all-cash offer to purchase all National Instruments shares for $53 per share. The timeline of the previous communications regarding Emerson’s offer indicating that Emerson had made its initial offer of $48 per share on May 25, 2022, emphasizing that National Instruments had concealed Emerson’s all-cash, no financing contingency, no regulatory risk offer from the investing public.

The complaint filed in this class action alleges that throughout the Class Period, Defendants failed to disclose to investors that NATI had received a formal acquisition offer from Emerson to purchase all outstanding shares of NATI common stock at prices significantly above the then-current market prices of NATI common stock, and therefore significantly above the prices at which NATI was repurchasing NATI common stock from unsuspecting Class members. Accordingly, NATI had an obligation to disclose that it had received a formal acquisition offer from Emerson or abstain from purchasing NATI stock from unsuspecting investors.

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If you sold National Instruments common stock during the Class Period, you may move the Court no later than January 29, 2024 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you purchased National Instruments common stock, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

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

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The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of National Instruments Corporation (NATI) Investors