Goldberg Law PC (www.Goldberglawpc.com) announces that a class action lawsuit has been filed against Tower Semiconductor Ltd. (“Tower” or the “Company”) (Nasdaq: TSEM). Investors who purchased or otherwise acquired shares between April 30, 2012 and January 13, 2016, (the “Class Period”), are encouraged to contact the firm in advance of the March 22, 2016, lead plaintiff motion deadline.

If you are a shareholder who suffered a loss during the Class Period, click here to participate. In addition, we advise you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 13650 Marina Pointe Dr. Suite 708, Marina Del Rey, CA 90292, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at info@goldberglawpc.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.

According to the complaint, the Company failed to disclose that: (1) the value of net tangible assets of the acquisition of a fabrication facility from Micron Technology Inc. was artificially inflated; and (2) the value of net tangible assets of the acquisition of 51% of TowerJazz Panasonic Semiconductor Co., Ltd. from Panasonic Corporation was artificially inflated.

Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.

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