San Diego, February 18, 2025 (Globe Newswire) – Robbins LLP Reminds investors that a collective appeal has been filed on behalf of all the people and entities who bought or otherwise acquired from Micron Technology titles, Inc. (NASDAQ: MU) between September 28, 2023 and December 18, 2024. Micron Concens , develops, factory and factory sells memory and storage products, including, among other things, a dynamic memory of random access (“dram”), nand, nor, and a large bandwidth memory (“HBM”) semiconductor devices.
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Allegations: Robbins LLP is investigating allegations according to which Micron Technology, Inc. (MU) has not disclosed the request for demand for its products
According to the complaint, during the class period, the defendants did not reveal that: (i) the demand for micron products on the consumer markets, in particular the Nand products of the company, had deteriorated; (ii) Accordly, defendants Had Overstated the Extient 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 welli as the normalization of inventory for these products; and (iii) Consequently, the public declarations of the company were materially false and misleading at all the relevant moments.
The complaint alleged that on December 18, 2024, Micron announced disappointing financial results for the first quarter of his 2025 fiscal year, reporting a larger drop in income than expected in the memory of the Nand Flash for the quarter. Micron also issued disappointing advice for the second quarter of his 2025 exercise. In this new, several analysts have lowered their price objectives for Micron and the Cours de l’Action de Micron fell by $ 16.18 per share to close at $ 87.09 per share on December 19, 2024.
What now: You could be eligible to participate in the collective recourse against Micron Technology, Inc. shareholders who wish to serve as a principal complainant to the class must submit their request to the court by March 10, 2025. A principal applicant is a representative party which Acts here on behalf of other members of the class in the staging of the dispute. You don’t have to participate in the case to be eligible for a recovery. If you choose not to take any measure, you can remain a member of the absent class. For more information, click here.
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