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Kuehn Law Encourages Investors of Mobileye Global Inc. to Contact Law Firm

1. Investigation into MBLY officers' potential fiduciary breaches announced. 2. Securities lawsuit claims executives misrepresented inventory and financial outlook. 3. Tier 1 customers have excess inventory of 6-7 million EyeQ SoCs. 4. Inventory buildup may lead to lower purchases impacting fiscal 2024 results.

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FAQ

Why Bearish?

The lawsuit suggests significant financial misrepresentation, which can diminish investor confidence.

How important is it?

Legal challenges and revelations regarding inventory management could severely disrupt stock value.

Why Short Term?

Immediate perception of risk from legal investigations can affect MBLY stock prices quickly.

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NEW YORK, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of Mobileye Global Inc. (NASDAQ: MBLY) breached their fiduciary duties to shareholders. According to a federal securities lawsuit, Mobileye Global insiders caused the company to misrepresent or fail to disclose that (1) to avoid the shortages experienced amid supply chain constraints in 2021 and 2022, the company’s Tier 1 customers had purchased inventory in excess of demand during fiscal 2023; (2) as a result, the company’s customers had excess inventory on hand, including approximately 6-7 million units of EyeQ SoCs; (3) due to the build-up of inventory, there was a significant risk that the Tier 1 customers would buy less product, thus adversely impacting the Company’s fiscal 2024 financial results; and (4) as a result of the foregoing, positive statements about the company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. If you currently own MBLY and purchased prior to January 26, 2023 please contact Justin Kuehn, Esq. here, by email at justin@kuehn.law or call (833) 672-0814. The consultation and case are free with no obligation to you. Kuehn Law pays all case costs and does not charge its investor clients. Shareholders should contact the firm immediately as there may be limited time to enforce your rights.   Why Your Participation Matters: As a shareholder your voice matters, and by getting involved, you contribute to the integrity and fairness of the financial markets. Your investment. Your voice. Your future.™   For additional information, please visit Shareholder Derivative Litigation - Kuehn Law. Attorney advertising. Prior results do not guarantee similar outcomes. Contacts:Kuehn Law, PLLCJustin Kuehn, Esq.53 Hill Street, Suite 605 Southampton, NY 11968justin@kuehn.law(833) 672-0814

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