New York, New York–(Newsfile Corp. – December 25, 2024)– Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Wolfspeed, Inc. (NYSE: NYSE:) between August 16, 2023 and November 6, 2024, inclusive of both dates (the “Class Period”), with January 17, 2025 Lead Plaintiff Deadline.
so what: If you purchase Wolfspeed Securities, you may be entitled to compensation without any out-of-pocket fees or costs through a contingency fee arrangement.
What to do next: To join the Wolfspeed class action, go to https://rosenlegal.com/submit-form/?case_id=30954 or contact Phillip Kim, Esq. Toll free at 866-767-3653 or email case@rosenlegal.com for information about the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the court No later than January 17, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the lawsuit.
Why Rosen's Law: We encourage investors to select qualified advisors with a proven track record of success in leadership roles. Often, companies issuing notices do not have similar experience, resources, or any meaningful recognition from their peers. Many of these firms do not actually file securities class actions, but are merely brokers who refer clients or partner with the law firms that actually file the lawsuits. Be wise in choosing advisors. The Rosen Law Firm represents investors throughout the world, focusing its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever settlement of a securities class action lawsuit against a Chinese company at that time. Rosen Law Firm is Ranked #1 by ISS Securities Class an act (WA:) Services for a number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company raised more than $438 million for investors. In 2020, co-founder Lawrence Rosen was named by Law360 as a Titan in the Plaintiffs Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Case details: The representations alleged in this action relate to Wolfspeed's Mohawk Valley manufacturing facility in New York. The complaint alleges that the defendants provided the public with revenue projections that relied on the Mohawk Valley manufacturing facility ramping up its production to meet and/or exceed demand for the 200 mm diameter wafer product.
According to the lawsuit, the defendants made these overly positive statements to investors while simultaneously misrepresenting and/or concealing material adverse facts relating to the true state of Wolfspeed's growth potential and, in particular, the operational status and profitability of the Mohawk Valley manufacturing facility. First, to meet its stated expectations, Wolfspeed will have to cancel or indefinitely suspend planned future projects such as the facility in Saarland, Germany. Second, Wolfspeed would have to terminate a significant portion of its workforce and close its manufacturing facility in Durham, North Carolina. When the true details entered the market, the lawsuit claims, investors suffered damages.
To join the Wolfspeed class action, go to https://rosenlegal.com/submit-form/?case_id=30954 or contact Phillip Kim, Esq. Toll free at 866-767-3653 or email case@rosenlegal.com for information about the class action.
No category is approved. Until the class is approved, you will not be represented by counsel unless you retain one. You can choose the lawyer of your choice. You can also remain an absent class member and do nothing at this point. An investor's ability to participate in any potential future recovery is not dependent on serving as lead plaintiff.
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