Breaking News: Micron Technology Investors Alert – Class Action Lawsuit Filed
NEW YORK, Feb. 4, 2025 – Levi & Korsinsky, LLP, a premier securities litigation firm, announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of California on behalf of investors who purchased Micron Technology, Inc. (“Micron” or the “Company”) (NASDAQ: MU) securities between February 26, 2021, and October 13, 2022. The complaint alleges that Micron and certain of its top executives violated the Securities Exchange Act of 1934.
Details of the Lawsuit
The lawsuit alleges that Micron and its executives made false and misleading statements and failed to disclose material information regarding the Company’s business, operations, and financial condition. Specifically, the complaint alleges that Micron failed to disclose that it was experiencing significant issues with its DRAM and NAND memory products, including yield issues and supply chain disruptions. These issues resulted in lower-than-expected revenue and earnings, causing Micron’s stock to trade at artificially inflated prices during the Class Period.
Impact on Individual Investors
If you invested in Micron securities between February 26, 2021, and October 13, 2022, you may be entitled to recover your losses, including damages. The lawsuit seeks to recover damages on behalf of all Micron investors who purchased Micron securities during the Class Period and are harmed by the Company’s misrepresentations. You may also be able to participate in the class action as a lead plaintiff if you hold a significant investment in Micron securities.
Impact on the World
Micron is a leading global semiconductor company that manufactures and sells memory and storage solutions for various applications. The Company’s products are used in a wide range of industries, including computing, networking and communications, consumer electronics, and automotive. The lawsuit’s allegations of yield issues and supply chain disruptions could have far-reaching consequences for these industries, potentially leading to increased costs and delays.
What’s Next?
The lead plaintiff in the lawsuit has until April 4, 2025, to move for lead plaintiff status. The case will then be assigned to a judge and a trial date will be scheduled. If you wish to learn more about this class action lawsuit or if you have any questions, please contact Levi & Korsinsky, LLP at 212-363-7500 or via email at [email protected].
Conclusion
The filing of this class action lawsuit against Micron Technology, Inc. is an important development for investors who purchased Micron securities between February 26, 2021, and October 13, 2022. The allegations of yield issues and supply chain disruptions could have significant consequences for the Company and the industries it serves. If you are a Micron investor and wish to learn more about your potential recovery options, please contact Levi & Korsinsky, LLP today.
- Levi & Korsinsky, LLP files class action lawsuit against Micron Technology, Inc.
- Allegations of yield issues and supply chain disruptions.
- If you purchased Micron securities between February 26, 2021, and October 13, 2022, you may be entitled to recover your losses.
- Contact Levi & Korsinsky, LLP for more information.
