Radnor, Pennsylvania. – (NewMediaWire) – December 21, 2024 – The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) has notified investors that a securities class action lawsuit has been filed against Wolfspeed (NYSE:), Inc. (Wolfspeed) (NYSE: WOLF) on behalf of those who purchased or acquired Wolfspeed securities between August 16, 2023 and November 6, 2024, inclusive (the Class Period). The lead plaintiff deadline is January 17, 2025.
Contact KESSLER TOPAZ MELTZER & CHECK, LLP:
If you experience Wolfspeed losses, you can 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 Attorney Jonathan Nagy, Esq. By calling (484) 270-1453 or via email at info@ktmc.com.
Those accused of 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 the Mohawk Valley manufacturing facility and public demand for Wolfspeeds 200mm wafers in and The e-vehicle market is underestimated; and (2) Wolfspeed overestimated demand for its flagship product and unjustifiably relied on alleged design victories while growth at its Mohawk Valley facilities began to decline before achieving the $100 million in quarterly revenues claimed to be achievable using only 20% of manufacturing, let Only the promised revenue of $2 billion is claimed to be achieved by the facility.
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Lead Plaintiff Process:
Wolfspeed Investors may, no later than January 17, 2025, seek appointment as lead plaintiff representative 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.
communication:
Kessler Topaz Meltzer & Czech, LLP
Jonathan Nagy, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, Pennsylvania 19087
info@ktmc.com
It may be considered an attorney's advertisement in some jurisdictions. Past results do not guarantee future results.
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