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Faruqi & Faruqi Reminds Semtech Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of April 22, 2025 - SMTC
GlobeNewswire News Room· 2025-04-06 11:20
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Semtech Corporation due to allegations of misleading statements regarding its CopperEdge products, which have led to significant financial losses for investors [2][4]. Group 1: Legal Investigation and Class Action - Faruqi & Faruqi is encouraging investors who suffered losses exceeding $75,000 in Semtech between August 27, 2024, and February 7, 2025, to discuss their legal options [1]. - A federal securities class action has been filed against Semtech, with a deadline of April 22, 2025, for investors to seek the role of lead plaintiff [2][6]. - The firm has a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [3]. Group 2: Allegations Against Semtech - The complaint alleges that Semtech and its executives violated federal securities laws by making false or misleading statements about the CopperEdge products [4]. - Specific allegations include that the CopperEdge products did not meet customer needs, required architectural changes, and would not achieve expected sales growth during fiscal 2026 [4]. - Following the announcement on February 7, 2025, that CopperEdge sales would be lower than previously estimated, Semtech's stock price fell by $16.91, or 31%, closing at $37.60 per share on February 10, 2025 [5]. Group 3: Investor Communication - Faruqi & Faruqi is also seeking information from whistleblowers, former employees, and shareholders regarding Semtech's conduct [7]. - Investors can learn more about the class action and their rights by contacting the firm directly [7].
Lead Plaintiff Deadline Approaching: Kessler Topaz Meltzer & Check, LLP Announces Deadline in Securities Fraud Class Action Lawsuit Filed Against Semtech Corporation
Prnewswire· 2025-04-05 23:20
Core Viewpoint - Securities class action lawsuits have been filed against Semtech Corporation for allegedly making materially false and misleading statements regarding its business operations and product performance during the specified Class Period [1][2]. Group 1: Allegations Against Semtech - The complaint claims that Semtech's CopperEdge products did not meet customer needs, requiring changes in rack architecture [2]. - It is alleged that sales of CopperEdge products would not ramp up as expected during fiscal 2026, leading to lower-than-anticipated sales [2]. - Defendants' positive statements about the company's business and prospects were deemed materially misleading and lacked a reasonable basis due to the undisclosed issues [2]. Group 2: Legal Process for Investors - Semtech investors can seek to be appointed as lead plaintiffs by April 22, 2025, or may choose to remain absent class members [3]. - The lead plaintiff represents all class members in directing the litigation and selects counsel to represent the class [3]. - Participation as a lead plaintiff does not affect the ability to share in any recovery from the lawsuit [3]. Group 3: Firm Information - Kessler Topaz Meltzer & Check, LLP has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [4]. - The firm encourages affected Semtech investors to contact them for more information regarding the case [4].
SMTC CLASS ACTION ALERT: Kessler Topaz Meltzer & Check, LLP Reminds Semtech Corporation Shareholders of Securities Fraud Class Action Lawsuit
GlobeNewswire News Room· 2025-04-05 13:20
Core Viewpoint - Securities class action lawsuits have been filed against Semtech Corporation for allegedly making materially false and misleading statements regarding its business operations and product performance during the specified class period [1][3]. Group 1: Allegations Against Semtech - The complaint claims that Semtech's CopperEdge products did not meet customer needs, requiring changes in rack architecture [3]. - It is alleged that sales of CopperEdge products would not increase as expected during fiscal 2026, leading to lower-than-anticipated sales [3]. - The positive statements made by Semtech regarding its business and prospects are claimed to be materially misleading and lacking a reasonable basis [3]. Group 2: Legal Process and Participation - Investors in Semtech have until April 22, 2025, to seek appointment as lead plaintiff representatives in the class action [4]. - A lead plaintiff acts on behalf of all class members and is typically the investor or group of investors with the largest financial interest [4]. - Participation as a lead plaintiff does not affect the ability of other investors to share in any recovery from the lawsuit [4].
Investors in Semtech Corporation Should Contact Levi & Korsinsky Before April 22, 2025 to Discuss Your Rights - SMTC
Prnewswire· 2025-04-04 09:45
Core Viewpoint - A class action securities lawsuit has been filed against Semtech Corporation, alleging securities fraud that negatively impacted investors between August 27, 2024, and February 7, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Semtech's CopperEdge products failed to meet the needs of its server rack customers, necessitating changes in rack architecture [2]. - Due to these issues, the sales of CopperEdge products are expected to be lower than anticipated, which contradicts previous positive statements made by the company regarding its business and prospects [2]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until April 22, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [3]. - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees [3]. Group 3: Legal 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 [4].
Semtech Corporation (SMTC) Lead Plaintiff Deadline is Quickly Approaching - Contact Robbins LLP to Learn How You Can Serve as Lead Plaintiff for the Class
GlobeNewswire News Room· 2025-04-03 22:07
SAN DIEGO, April 03, 2025 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of persons or entities that purchased or otherwise acquired Semtech Corporation (NASDAQ: SMTC) securities between August 27, 2024 and February 27, 2025. Semtech is a semiconductor, digital systems, and cloud connectivity service provider. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Investigating A ...
The Gross Law Firm Notifies Semtech Corporation Investors of a Class Action Lawsuit and Upcoming Deadline – SMTC
GlobeNewswire News Room· 2025-04-03 17:07
NEW YORK, April 03, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Semtech Corporation (NASDAQ: SMTC). Shareholders who purchased shares of SMTC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/semtech-corporation-loss-submission-form/?id=140428&from=3  CLASS PERIOD: Aug ...
Should You Hold on to SMTC Stock Despite its 47% Decline in 3 Months?
ZACKS· 2025-04-02 15:10
Semtech (SMTC) shares have plunged 47.3% in the past three months, underperforming the Zacks Semiconductor - Analog and Mixed industry, Zacks Computer and Technology sector and the S&P 500 index’s decline of 13%, 13.4% and 6.2%, respectivelySemtech Three-Month Performance ChartImage Source: Zacks Investment ResearchSemtech’s underperformance highlights challenges stemming from its CopperEdge business. SMTC’s CopperEdge signal integrity solutions are embedded in active copper cables, which are further used f ...
SMTC Investor Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Investors of Deadline in Securities Fraud Class Action Lawsuit Filed Against Semtech Corporation (SMTC)
GlobeNewswire News Room· 2025-04-01 21:15
RADNOR, Pa., April 01, 2025 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that securities class action lawsuits have been filed in the United States District Court for the Central District of California against Semtech Corporation ("Semtech") (NASDAQ: SMTC) on behalf of those who purchased or otherwise acquired Semtech securities between August 27, 2024, and February 7, 2025, inclusive (the "Class Period"). The lead plaintiff deadline is April 22, 20 ...
Levi & Korsinsky Notifies Shareholders of Semtech Corporation(SMTC) of a Class Action Lawsuit and an Upcoming Deadline
Prnewswire· 2025-04-01 09:45
NEW YORK, April 1, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Semtech Corporation ("Semtech Corporation" or the "Company") (NASDAQ: SMTC) of a class action securities lawsuit. WHAT'S NEXT? If you suffered a loss in Semtech Corporation during the relevant time frame, you have until April 22, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. NO COST TO YOU: If you are a class member, you ...
SMTC Deadline Approaching on April 22, 2025: Kessler Topaz Meltzer & Check, LLP Reminds Semtech Corporation (SMTC) Investors of Class Action Lawsuit Deadline
Prnewswire· 2025-03-31 22:38
RADNOR, Pa., March 31, 2025 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that securities class action lawsuits have been filed against Semtech Corporation ("Semtech") (NASDAQ: SMTC) on behalf of those who purchased or otherwise acquired Semtech securities between August 27, 2024, and February 7, 2025, inclusive (the "Class Period"). The lead plaintiff deadline is April 22, 2025. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If you suffered Semtech losses, ...