1. Micron faces a class action lawsuit for alleged securities fraud. 2. The lawsuit targets losses from September 2023 to December 2024. 3. Claims include overstated demand for Micron's NAND products. 4. Investors can join the lawsuit without upfront costs. 5. Legal expertise highlights potential compensation for aggrieved shareholders.
The lawsuit suggests serious allegations that could reduce investor confidence. Previous cases of similar allegations have led to significant drops in stock prices.
Legal actions can significantly affect a company's stock price and investor sentiment. The ongoing nature of the lawsuit and allegations adds weight to its importance for MU.
The immediate effect from the lawsuit news could lead to a rapid stock decline. Past examples show that such news often impacts short-term price volatility.
NEW YORK, Jan. 14, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Micron Technology, Inc. ("Micron" or the "Company") (NASDAQ: MU) of a class action securities lawsuit.
The lawsuit seeks to recover losses on behalf of Micron investors who were adversely affected by alleged securities fraud between September 28, 2023 and December 18, 2024. Follow the link below to get more information and be contacted by a member of our team:
Micron Technology Lawsuit Submission Form
MU investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
The filed complaint alleges that defendants made false statements and/or concealed that: (i) demand for Micron's products in consumer markets, especially the Company's NAND products, had significantly deteriorated; (ii) accordingly, defendants had overstated the extent to which demand for Micron's products had recovered, particularly in consumer markets and for its NAND products, and/or had overstated the sustainability of demand for such products, as well as the normalization of inventory for such products; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.
If you suffered a loss in Micron during the relevant time frame, you have until March 10, 2025 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.
If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP