Core Insights - Micron Technology Inc. has appointed Mark Liu and Christie Simons to its board of directors, enhancing its leadership team with experienced professionals from the semiconductor and finance sectors [1][4]. Group 1: Mark Liu's Background - Mark Liu has over 30 years of experience at Taiwan Semiconductor Manufacturing Company (TSMC), where he held key leadership roles, including president and co-CEO from 2013 to 2018 [2]. - Under Liu's leadership, TSMC became the world's largest semiconductor foundry, showcasing his capability in scaling operations [2]. - Liu is currently the founder and chairman of J&M Copper Beech Ventures and has a strong academic background with degrees from National Taiwan University and the University of California, Berkeley [2]. Group 2: Christie Simons' Background - Christie Simons is a senior audit and assurance partner at Deloitte & Touche LLP, retiring after nearly 30 years of service, with significant experience in technology clients [3]. - She has led Deloitte's Global Semiconductor Center of Excellence, focusing on providing integrated services to semiconductor clients [3]. - Simons holds a bachelor's degree in international business and finance and is a Certified Public Accountant in California [3]. Group 3: Strategic Implications for Micron - The addition of Liu and Simons is expected to provide Micron with valuable insights and guidance as it aims to scale its business in response to growing opportunities in artificial intelligence [3][4]. - Micron's leadership believes that Liu's technical expertise and Simons' financial acumen will strengthen the company's strategy and innovation focus [4]. - The board's composition is seen as a strategic move to position Micron for long-term success in the competitive semiconductor industry [4].

Core Viewpoint - The Micron Technology, Inc. class action lawsuit alleges that the company and its executives made misleading statements regarding product demand and financial performance during the specified class period, leading to significant investor losses [3][4]. Company Overview - Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products, including dynamic random access memory (DRAM), NAND, NOR, and high-bandwidth memory semiconductor devices [2]. Allegations of the Lawsuit - The lawsuit claims that during the class period, Micron misrepresented the demand for its products, particularly in consumer markets, and overstated the recovery and sustainability of demand for its NAND products [3]. - On December 18, 2024, Micron reported a greater-than-expected revenue decline in NAND flash memory and issued disappointing guidance for the second quarter of fiscal year 2025, with adjusted earnings projected between $1.33 and $1.53 per share, sales between $7.7 billion and $8.1 billion, and adjusted gross margins between 37.5% and 39.5% [4]. Impact on Stock Price - Following the announcement of disappointing financial results, Micron's stock price fell by more than 16% [4]. Legal Process - Investors who purchased Micron common stock during the class period can seek appointment as lead plaintiff in the class action lawsuit, which allows them to act on behalf of other class members [5]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud cases, having recovered $6.6 billion for investors in securities-related class action cases, and is recognized for securing significant monetary relief for investors [6].

Core Viewpoint - A class action securities lawsuit has been filed against Micron Technology, Inc. alleging securities fraud that negatively impacted investors between September 28, 2023, and December 18, 2024 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Micron's management made false statements regarding the demand for its products, particularly NAND products, which had significantly deteriorated [2]. - It is alleged that the defendants overstated the recovery of demand for Micron's products and the sustainability of such demand, leading to materially false and misleading public statements [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until March 10, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require this [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, indicating no financial obligation to participate in the lawsuit [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years, highlighting its expertise in complex securities litigation [4].

Core Viewpoint - A securities class action lawsuit has been filed against Micron Technology, Inc. for allegedly making materially false and misleading statements regarding its business and operations during the specified Class Period from September 28, 2023, to December 18, 2024 [1][2]. Group 1: Allegations Against Micron - The lawsuit claims that Micron's management overstated the demand for its products, particularly in consumer markets and for NAND products, which had significantly deteriorated [2]. - It is alleged that the company misrepresented the recovery of demand and the normalization of inventory levels for its products, leading to materially false public statements [2]. Group 2: Legal Process for Investors - Investors who purchased Micron stock during the Class Period can seek to be appointed as lead plaintiffs by March 10, 2025, or remain as absent class members [3]. - The lead plaintiff will represent the interests of all class members and select legal counsel to direct the litigation [3]. Group 3: Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [4].

Core Viewpoint - The Micron Technology, Inc. class action lawsuit alleges that the company and its executives made misleading statements regarding product demand and financial performance, leading to significant stock price declines [3][4]. Group 1: Class Action Details - The class action lawsuit is titled Klein v. Micron Technology, Inc., and covers purchasers of Micron common stock from September 28, 2023, to December 18, 2024 [1]. - Investors have until March 10, 2025, to seek appointment as lead plaintiff in the lawsuit [1][5]. - The lawsuit claims that Micron's executives violated the Securities Exchange Act of 1934 [1]. Group 2: Allegations Against Micron - The lawsuit alleges that Micron overstated the demand for its products, particularly in consumer markets and NAND products, which had significantly deteriorated [3]. - It is claimed that Micron failed to disclose the true extent of the decline in demand and the sustainability of its product demand [3]. Group 3: Financial Performance - On December 18, 2024, Micron reported a greater-than-expected revenue decline in NAND flash memory for Q1 of fiscal year 2025 [4]. - The company provided disappointing guidance for Q2 FY2025, with adjusted earnings projected between $1.33 and $1.53 per share, below the $1.92 estimate, and sales expected between $7.7 billion and $8.1 billion, with the midpoint below the $8.99 billion estimate [4]. - Adjusted gross margins were projected between 37.5% and 39.5%, significantly lower than the 41.3% estimate, citing weakness in consumer-oriented markets [4].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Micron Technology, Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements about the demand for its products, particularly in the NAND market, during the specified class period [1][2]. Group 1: Allegations and Class Period - The class period for the allegations is from September 28, 2023, to December 18, 2024 [1]. - The complaint claims that demand for Micron's products, especially NAND products, significantly deteriorated, contradicting the company's public statements about demand recovery [1]. - It is alleged that the company overstated the sustainability of demand and the normalization of inventory for its products, leading to misleading public statements [1]. Group 2: Next Steps for Shareholders - Shareholders who purchased shares during the class period are encouraged to register for the class action by March 10, 2025, to potentially become lead plaintiffs [2]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [2]. - Participation in the case incurs no cost or obligation for the shareholders [2]. Group 3: Law Firm's Mission - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against 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 [3].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Micron Technology, Inc. common stock between September 28, 2023, and December 18, 2024, of the March 10, 2025, lead plaintiff deadline for a class action lawsuit [1]. Group 1: Class Action Details - Investors who bought Micron common stock during the specified period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by March 10, 2025 [3]. - The lawsuit alleges that Micron's management made false and misleading statements regarding the demand for its products, particularly NAND products, which significantly deteriorated during the class period [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has been ranked No. 1 for securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions of dollars for investors [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in handling such cases [4].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Micron Technology, Inc. common stock during the specified Class Period of the upcoming lead plaintiff deadline on March 10, 2025 [1] Group 1: Class Action Details - Investors who bought Micron common stock between September 28, 2023, and December 18, 2024, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][6] - To serve as lead plaintiff, individuals must file a motion with the Court by March 10, 2025 [3] Group 2: Case Allegations - The lawsuit alleges that Micron's management made false and misleading statements regarding the demand for its products, particularly in consumer markets and for NAND products [5] - It is claimed that the defendants overstated the recovery and sustainability of demand for Micron's products, leading to materially false public statements [5] - The lawsuit asserts that when the true details became known, investors suffered damages [5] Group 3: Rosen Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4] - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4] - In 2019, the firm secured over $438 million for investors, showcasing its effectiveness in litigation [4]

Core Viewpoint - A class action securities lawsuit has been filed against Micron Technology, Inc. alleging securities fraud that negatively impacted investors between September 28, 2023, and December 18, 2024 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Micron's management made false statements regarding the demand for its products, particularly NAND products, which had significantly deteriorated [2]. - It is alleged that the defendants overstated the recovery of demand for Micron's products and the sustainability of such demand, leading to materially false and misleading public statements [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until March 10, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, indicating no financial obligation to participate in the lawsuit [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years, highlighting its expertise in complex securities cases [4].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Micron Technology, Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements about the demand for its products, particularly in the consumer market for NAND products [1][2]. Group 1: Allegations - The complaint claims that during the class period from September 28, 2023, to December 18, 2024, Micron's management failed to disclose a significant deterioration in demand for its products, especially NAND products [1]. - It is alleged that the company overstated the recovery of demand for its products and the sustainability of that demand, leading to misleading public statements [1]. - The lawsuit asserts that these misleading statements resulted in an artificial inflation of Micron's stock price [3]. Group 2: Class Action Details - Shareholders who purchased shares of Micron during the specified class period are encouraged to register for the class action, with a deadline set for March 10, 2025 [2]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [2]. - There is no cost or obligation for shareholders to participate in this class action [2].