Micron Technology, Inc. Class Action Lawsuit: What Investors Need to Know
On March 10, 2025, Levi & Korsinsky, LLP announced that a class action securities lawsuit has been filed against Micron Technology, Inc. (Micron or the Company) (NASDAQ: MU) in the United States District Court for the Northern District of California. The lawsuit alleges that Micron and certain of its top executives violated the Securities Exchange Act of 1934 by making false and misleading statements regarding the Company’s business, financial condition, and prospects.
The Allegations
According to the complaint, Micron and its executives made false and misleading statements regarding the Company’s business, particularly with respect to its DRAM and NAND memory businesses. The complaint alleges that Micron downplayed the impact of oversupply in the memory market, which led to a significant decline in the price of Micron’s memory products. The lawsuit also alleges that Micron failed to disclose that it was experiencing production issues with its 1z-nanometer (1znm) DRAM and 1alpha-nanometer (1alpha) NAND memory technologies.
Impact on Individual Investors
If you invested in Micron Technology, Inc. securities between February 23, 2022, and October 26, 2022, you may be entitled to compensation. The lawsuit seeks to recover damages on behalf of investors who purchased Micron securities during this period. Investors may also be able to recover damages if they sold their shares during the class period and suffered losses as a result of Micron’s misrepresentations.
Impact on the World
The impact of this lawsuit on the world extends beyond Micron and its investors. Micron is a leading global manufacturer of memory and storage solutions, and its financial performance is closely watched by investors and industry analysts. The allegations of misrepresentation and production issues could have broader implications for the semiconductor industry as a whole, particularly in the memory market.
The oversupply issue in the memory market has been a concern for some time, and Micron’s financial performance is closely tied to the health of this market. If the lawsuit is successful, it could lead to increased scrutiny of other companies in the industry, potentially resulting in increased transparency and more accurate reporting of financial information.
Conclusion
Investors in Micron Technology, Inc. who purchased securities between February 23, 2022, and October 26, 2022, are encouraged to contact Levi & Korsinsky, LLP to discuss their legal rights and potential remedies. The lawsuit alleges that Micron and certain of its executives made false and misleading statements regarding the Company’s business, financial condition, and prospects, and investors may be able to recover damages as a result.
The impact of this lawsuit extends beyond Micron and its investors, potentially leading to increased scrutiny of the semiconductor industry as a whole. The allegations of misrepresentation and production issues could result in increased transparency and more accurate reporting of financial information, which would benefit investors and the industry as a whole.
For more information about the Micron Technology, Inc. class action lawsuit, please contact Levi & Korsinsky, LLP by email at [email protected] or call 212-363-7500.
- Micron Technology, Inc. (NASDAQ: MU)
- Class Action Securities Lawsuit
- Levi & Korsinsky, LLP
- February 23, 2022 – October 26, 2022
