Radnor, Pennsylvania–(Newsfile Corp. – January 5, 2025) – The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) has informed investors that a securities class action lawsuit has been filed against Wolfspeed (NYSE: ), Inc. (“Wolfspeed”) (NYSE: WOLF) on behalf of those who purchased or otherwise acquired Wolfspeed securities between August 16, 2023 and November 16, 2023. January 6, 2024 inclusive (“Class Period”). The lead plaintiff deadline is January 17, 2025.
Contact KESSLER TOPAZ MELTZER & CHECK, LLP:
If you experience Wolfspeed losses, you may Click here Or go to: https://www.ktmc.com/new-cases/wolfspeed-inc?utm_source=PR&utm_medium=link&utm_campaign=wolf&mktm=r
You can also contact a lawyer Jonathan Nagy, Esq. By calling (484) 270-1453 or by email at info@ktmc.com.
The Defendants' Alleged Misconduct:
The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose the following: (1) Wolfspeed's optimistic claims regarding the potential growth of its Mohawk Valley manufacturing facility and public demand for Wolfspeed's 200mm wafers in and The e-car market is underestimated; and (2) Wolfspeed overestimated demand for its flagship product and unduly relied on alleged design victories while growth at the Mohawk Valley facility began to decline before achieving the $100 million per quarter revenue that it was claimed could be achieved using only 20% of manufacturing , let alone the promised $2 billion revenue that the facility is claimed to be able to achieve.
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Lead Plaintiff Process:
Wolfspeed investors can, No later than January 17, 2025, It seeks to be appointed as lead plaintiff for the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may elect to do nothing and remain an absent member of the class. A lead plaintiff is a representative party acting on behalf of all class members in directing the lawsuit. The lead plaintiff is usually the investor or a small group of investors who have the largest financial interest and who are also considered appropriate and typical of the proposed class of investors. The lead plaintiff selects an attorney to represent the lead plaintiff and the class and those attorneys, if approved by the court, are the lead attorneys or the class. Your ability to participate in any recovery is not affected by the decision of whether or not to serve as lead plaintiff.
Kessler Topaz Meltzer & Check, LLP encourages Wolfspeed investors who have incurred significant losses to contact the firm directly for further information.
About Kessler Topaz Meltzer & Czech LLP:
Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts across the country and around the world. The company has earned 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 corporations and credit institutions. The complaints in this action were not brought by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Czech, LLP, please visit www.ktmc.com.
It may be considered an attorney's advertisement in some jurisdictions. Past results do not guarantee future results.
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