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SMTC Announcement: Kessler Topaz Meltzer & Check, LLP Encourages Semtech Corporation (SMTC) Investors to Contact the Firm About Securities Fraud Class Action Lawsuit

1. Class action lawsuits filed against Semtech for misleading statements. 2. Allegations include poor sales prospects for CopperEdge products. 3. Lead plaintiff deadline set for April 22, 2025. 4. Misconduct claims may affect investor confidence and stock price. 5. Legal proceedings could lead to significant financial repercussions.

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FAQ

Why Very Bearish?

The lawsuits indicate severe credibility damage, similar to past cases (e.g., Lumen Technologies). Semtech's misleading statements could lead to significant legal costs.

How important is it?

The article discusses class action lawsuits, which typically have high financial implications.

Why Short Term?

Immediate effects likely as legal proceedings unfold, creating uncertainty. Historical data suggests stocks often decline before resolution.

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LUMNAVGOMPWR
RADNOR, Pa., March 16, 2025 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that securities class action lawsuits have been filed against Semtech Corporation ("Semtech") (NASDAQ: SMTC) on behalf of those who purchased or otherwise acquired Semtech securities between August 27, 2024, and February 7, 2025, inclusive (the "Class Period"). The lead plaintiff deadline is April 22, 2025. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If you suffered Semtech losses, you may CLICK HERE or copy and paste the following link into your browser: https://www.ktmc.com/new-cases/semtech-corporation?utm_source=PR&utm_medium=link&utm_campaign=smtc&mktm=r You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected]. DEFENDANTS' ALLEGED MISCONDUCT: The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Semtech's CopperEdge products did not meet the needs of its server rack customer or end users; (2) as a result, the CopperEdge products required certain rack architecture changes; (3) as a result of the foregoing, Semtech's sales of CopperEdge products would not ramp-up during fiscal 2026; (4) as a result, sales of CopperEdge products would be lower-than-expected; and (5) as a result of all of the foregoing, Defendants' positive statements about the company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. THE LEAD PLAINTIFF PROCESS: Semtech investors may, no later than April 22, 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 Semtech 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/semtech-corporation?utm_source=PR&utm_medium=link&utm_campaign=smtc&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, LLP Jonathan Naji, Esq. (484) 270-1453 280 King of Prussia Road Radnor, PA 19087 [email protected] May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes. SOURCE Kessler Topaz Meltzer & Check, LLP

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