StockNews.AI
MU
StockNews.AI
215 days

The Gross Law Firm Notifies Shareholders of Micron Technology, Inc.(MU) of a Class Action Lawsuit and an Upcoming Deadline

1. A class action lawsuit alleges Micron misled investors about product demand. 2. The complaint claims demand for NAND products has deteriorated significantly. 3. The class period spans from September 28, 2023, to December 18, 2024. 4. Shareholders can register to become lead plaintiffs by March 10, 2025. 5. The lawsuit suggests Micron's public statements were materially false and misleading.

4m saved
Insight
Article

FAQ

Why Very Bearish?

The lawsuit points to significant misrepresentation of demand, likely harming investor confidence. Historical cases show lawsuits often lead to stock price declines.

How important is it?

The allegations could considerably impact Micron's stock value and investor trust. Legal actions against companies often lead to significant financial implications.

Why Short Term?

Immediate investor reaction likely as shareholders register for the lawsuit. Similar past class actions have resulted in quick negative impacts on stock values.

Related Companies

NOTICE TO SHAREHOLDERS

NEW YORK, Jan. 16, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Micron Technology, Inc. (NASDAQ: MU).

Shareholders who purchased shares of MU during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.

CONTACT US HERE:

https://securitiesclasslaw.com/securities/micron-technology-inc-loss-submission-form/?id=123061&from=4

CLASS PERIOD:

September 28, 2023 to December 18, 2024

ALLEGATIONS:

The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose 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;
(iii) as a result, the Company's public statements were materially false and misleading at all relevant times.

DEADLINE:

March 10, 2025. Shareholders should not delay in registering for this class action. Register your information here:

https://securitiesclasslaw.com/securities/micron-technology-inc-loss-submission-form/?id=123061&from=4

NEXT STEPS FOR SHAREHOLDERS:

Once you register as a shareholder who purchased shares of MU during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is March 10, 2025. There is no cost or obligation to you to participate in this case.

WHY GROSS LAW FIRM?

The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: info@grosslawfirm.com
Phone: (646) 453-8903

SOURCE The Gross Law Firm

Related News