Faruqi & Faruqi, LLP explores requests on behalf of investor Micron Technology via Investing.com
Faruqi and Faruqi, a litigation partner for LLP James (Josh) Wilson Encourages investors who have suffered losses in Micron to contact him directly to discuss their capabilities
If you bought or acquired securities in Micron Between September 23, 2023 and December 18, 2024 And would like to talk about your legal rights, call partner Faruqi and Faruqi Josh Wilson directly on 877-247-4292 or 212-983-9330 (EXT. 1310).
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New York, New York – (Newsfile Corp. – January 26, 2025) – Faruqi & Faruqi, LLP, a leading national law firm for securities, investigates potential claims against Micron Technology (Nasdaq :), Inc. (“Micron” or “Company”) (Nasdaq: MU) and reminds investors on March 10, 2025. to seek the role of a leading prosecutor in the federal Class Class Action, which was filed against the company.
Faruqi and Faruqi is a leading national law firm with offices in New York, Pennsylvania, California and Georgia. Since its founding in 1995, the company has taken out hundreds of millions of dollars for investors. See www.faruqilaw.com.
As in detail in detail, the appeal states that the company and its executives have violated the Federal Laws on securities by providing false and/or misleading statements and/or do not reveal that: (1) demand for Micron products in consumer markets, especially NAND products , got worse; (2) In accordance with this, the accused have overrated to what extent the demand for Micron’s products has recovered, especially in consumer markets and for the NOND products, and/or have overestimated the sustainability of demand for such products, as well as the normalization of supplies for supplies such products; and (3) As a result, the public statements of the company were materially false and misleading in all relevant times.
On December 18, 2024, Micron announced the financial results for his first quarter of the fiscal year (“FY”) 2025 and issued disappointing guidelines for his second quarter FY 2025. In response to the announcement, the analysts of securities commented on the reduced guidance and reduced the reduced guidance and lower their price for Micron shares with regard to weakness in the business of consumer chips of the company. For example, UBS wrote it “[g]Unaidan was below even the most loyal sea putting we heard in the report, and the company stated that it was constantly uneasy in consumer markets. “Similarly, the Bank of America analyst indicated Micron’s revenue from the sale of AI memory chips cannot compensate for” pressure down “caused by poor demand for those used in personal computers and smartphones.
On this news, Micron’s share price dropped $ 16.81 per share, or 16.2%, to close on December 19, 2024 to $ 87.09 per share.
The leading prosecutor who was appointed court is an investor with the greatest financial interest in the assistance sought by the class that is adequate and typical of the members of the class that direct and monitor the litigation on behalf of the alleged class. Each member of the alleged class may move the court to perform the post of leading prosecutor through an advisor of his choice or may decide to do anything and remain absent class member. Your ability to share in any recovery is not influenced by the decision to serve as a leading prosecutor or not.
Faruqi and Faruqi, LLP also encourages anyone who has information about Micron’s behavior to contact the company, including whistleblowers, former employees, shareholders and others.
Advertising lawyers. The law firm responsible for this ad is Faruqi & Faruqi, LLP (www.faruqilaw.com). Previous results do not guarantee or predict a similar outcome over any future thing. We welcome the opportunity to talk about your specific case. All communications will be treated in a confidential way.
To view the original version of this public announcement, visit https://www.newsfilecorp.com/release/238361
