StockNews.AI
MU
StockNews.AI
210 days

MU Investor Alert: Kessler Topaz Meltzer & Check, LLP Urges Micron Technology, Inc. (MU) Investors with Losses to Contact the Firm

1. A class action lawsuit against Micron alleges misleading statements. 2. Claims include deterioration in consumer demand for NAND products. 3. The lawsuit covers purchases from September 2023 to December 2024. 4. Micron's public statements may have overstated product demand recovery. 5. Investors can join the lawsuit by March 10, 2025.

5m saved
Insight
Article

FAQ

Why Bearish?

The lawsuit implies potential legal and financial liabilities, as seen with past tech lawsuits affecting stock prices.

How important is it?

The class action lawsuit directly involves investors in Micron, which could significantly impact market perception.

Why Short Term?

The lawsuit's proceedings could create immediate concern among investors, impacting stock performance quickly.

Related Companies

MU
RADNOR, Pa., Jan. 21, 2025 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of Florida against Micron Technology, Inc. (“Micron”) (NASDAQ: MU) on behalf of those who purchased or otherwise acquired Micron common stock between September 28, 2023, and December 18, 2024, inclusive (the “Class Period”). The lead plaintiff deadline is March 10, 2025. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If you suffered Micron losses, you may CLICK HERE or copy and paste the following link into your browser: https://www.ktmc.com/new-cases/micron-technology-inc?utm_source=PR&utm_medium=link&utm_campaign=mu&mktm=r You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at info@ktmc.com. DEFENDANTS’ ALLEGED MISCONDUCT:The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the company's business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) demand for Micron's products in consumer markets, especially the company's NAND products, had significantly deteriorated; (2) 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 (3) as a result, the company's public statements were materially false and misleading at all relevant times. THE LEAD PLAINTIFF PROCESS:Micron investors may, no later than March 10, 2025, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation.  The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. Kessler Topaz Meltzer & Check, LLP encourages Micron investors who have suffered significant losses to contact the firm directly to acquire more information. CLICK HERE TO SIGN UP FOR THE CASE OR GO TO: https://www.ktmc.com/new-cases/micron-technology-inc?utm_source=PR&utm_medium=link&utm_campaign=mu&mktm=r ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP:      Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com. CONTACT: Kessler Topaz Meltzer & Check, LLPJonathan Naji, Esq.(484) 270-1453280 King of Prussia RoadRadnor, PA 19087info@ktmc.com May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.

Related News