NEW YORK, Jan. 29, 2025 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Aehr Test Systems (NASDAQ: AEHR) between January 9, 2024 and March 24, 2024, both dates inclusive (the "Class Period"), of the important February 3, 2025 lead plaintiff deadline.So what: If you purchased Aehr securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.What to do ...

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Aehr Test Systems, Inc. regarding a class action lawsuit due to alleged misleading statements and undisclosed delays in customer orders that negatively impacted the company's revenue growth [1][2]. Summary by Relevant Sections Allegations - The complaint alleges that during the class period from January 9, 2024, to March 24, 2024, Aehr Test Systems made materially false and misleading statements [1]. - Specific allegations include: - Aehr continued to experience substantial delays in customer orders contrary to prior representations [1]. - These delays were likely to have a material negative impact on the company's revenue growth [1]. - The company's business and financial prospects were overstated as a result [1]. - Public statements made by the company were materially false and misleading at all relevant times [1]. Next Steps for Shareholders - Shareholders who purchased shares of AEHR during the specified timeframe are encouraged to register for the class action [2]. - The deadline to seek lead plaintiff status is February 3, 2025, and there is no cost or obligation to participate [2]. Firm's Mission - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit and fraud [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3].

Aehr Test Systems (AEHR -0.56%) is a provider of semiconductor testing equipment and other solutions and has exposure to growth trends, including artificial intelligence (AI) and EVs. Its products are highly regarded, and the company enjoys long-term growth catalysts.However, the stock is down roughly 77% from the high it reached in August 2023. The share price has been highly volatile over the last year, and saw a big sell-off earlier this month after Aehr's most recent quarterly report arrived with sales, ...

Class Action Lawsuit - The Portnoy Law Firm is advising Aehr Test Systems, Inc investors of a class action representing those who bought securities between January 9, 2024 and March 24, 2024 [1] - Investors have until February 3, 2025 to file a lead plaintiff motion [1] Financial Results and Stock Impact - On March 25, 2024, Aehr announced preliminary financial results for Q3 FY2024 with expected revenue of $7.6 million, significantly below the consensus estimate of $14.3 million [3] - The revenue shortfall was attributed to delays in wafer-level burn-in system orders for semiconductor devices used in electric vehicles [3] - Aehr revised its 2024 revenue forecast downward by approximately $15 million [3] - As a result, Aehr's stock price dropped by $3.29, or 22.4%, closing at $11.37 per share on March 25, 2024 [4] Allegations in the Complaint - The class action complaint alleges that during the Class Period, Defendants made materially false and/or misleading statements and failed to disclose critical negative information about the Company's business, operations, and prospects [5] - Specifically, the Complaint asserts that Defendants failed to disclose substantial delays in customer orders, which were likely to significantly negatively affect the Company's revenue growth [5] - The Complaint also claims that the Company's business and financial outlook were overstated, and Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and lacked a reasonable basis [5] Legal Representation - Investors are encouraged to contact attorney Lesley F Portnoy to discuss their legal rights and options for pursuing claims to recover their losses [2] - The Portnoy Law Firm can provide a complimentary case evaluation [2]

Core Viewpoint - Aehr Test Systems, Inc. is facing a lawsuit for alleged violations of securities laws, prompting investors to contact Levi & Korsinsky to discuss their rights before February 3, 2025 [1] Group 1 - The lawsuit indicates potential legal challenges for Aehr Test Systems, which may impact investor confidence and the company's market position [1] - Investors are encouraged to take action by reaching out to legal counsel to understand their rights and options regarding the lawsuit [1]

Core Viewpoint - Aehr Test Systems, Inc. shareholders who have experienced significant losses are being encouraged to participate in a class action lawsuit led by Bronstein, Gewirtz and Grossman, LLC [1] Group 1 - The law firm Bronstein, Gewirtz and Grossman, LLC is announcing the opportunity for Aehr Test Systems, Inc. stockholders to lead a class action lawsuit due to substantial financial losses [1] - The announcement highlights the potential for affected shareholders to seek legal recourse for their losses [1] - The firm is actively seeking individuals who have suffered significant losses in Aehr Test Systems, Inc. to join the lawsuit [1]

Core Viewpoint - Aehr Test Systems, Inc. stockholders who have experienced substantial losses are being alerted to the opportunity to lead a class action lawsuit against the company [1] Group 1 - The law firm Bronstein, Gewirtz and Grossman, LLC is announcing the potential for a class action lawsuit for Aehr Test Systems, Inc. stockholders [1] - Stockholders are encouraged to participate if they have incurred significant financial losses [1] - The announcement highlights the legal recourse available to investors affected by the company's performance [1]

Core Viewpoint - A class action securities lawsuit has been filed against Aehr Test Systems, Inc. for alleged securities fraud affecting investors between January 9, 2024, and March 24, 2024 [1][2]. Group 1: Allegations - The lawsuit claims that Aehr made false statements and concealed significant delays in customer orders, which were contrary to prior representations [2]. - It is alleged that these delays would materially negatively impact the Company's revenue growth, overstating its business and financial prospects [2]. - The public statements made by the Company were deemed materially false and misleading throughout the relevant period [2]. Group 2: Legal Process - Investors who suffered losses during the specified timeframe have until February 3, 2025, to request appointment as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4]. - The firm has over 70 employees dedicated to serving clients in complex securities litigation [4].

Core Viewpoint - The article highlights the pending class action lawsuit against Aehr Test Systems, Inc., with a lead plaintiff deadline set for February 3, 2025, indicating potential legal challenges for the company [1]. Group 1 - The class action lawsuit is a significant event for Aehr Test Systems, Inc., as it may impact investor sentiment and the company's reputation [1]. - Investors are reminded of the importance of the lead plaintiff deadline, which is crucial for participation in the lawsuit [1]. - The lawsuit could lead to financial implications for Aehr Test Systems, Inc., depending on the outcome and any settlements reached [1].

Core Viewpoint - Investors in Aehr Test Systems, Inc. are encouraged to contact Levi & Korsinsky before February 3, 2025, to discuss their rights regarding potential legal actions [1] Group 1 - The deadline for investors to reach out is set for February 3, 2025 [1] - The communication is aimed at discussing rights related to potential legal claims [1]