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Investors in Ultra Clean Holdings, Inc. Should Contact Levi & Korsinsky Before May 23, 2025 to Discuss Your Rights – UCTT
GlobeNewswire News Room· 2025-05-22 17:44
Core Viewpoint - A class action securities lawsuit has been filed against Ultra Clean Holdings, Inc. due to alleged securities fraud impacting investors between May 6, 2024, and February 24, 2025 [1][2]. Group 1: Allegations and Company Performance - The lawsuit claims that Ultra Clean misled investors about the demand for its products in the Chinese market, stating that demand was high while concealing issues such as customer ramp problems and inventory corrections [2]. - Reports indicated that Ultra Clean's revenue had doubled due to elevated demand in China, but this was contradicted by later revelations of "demand softness" and decreased demand due to extended qualification timelines [2]. - Following the release of the fourth quarter and full year 2024 fiscal results on February 24, 2025, Ultra Clean's stock price plummeted from $36.06 to $25.90, marking a decline of over 28% in one day [2]. Group 2: Legal Proceedings and Investor Information - Investors who suffered losses during the specified timeframe have until May 23, 2025, to request appointment as lead plaintiff in the lawsuit [3]. - Participation in the lawsuit does not require any out-of-pocket costs or fees for class members, allowing them to seek compensation without financial obligation [3]. Group 3: Law Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the U.S. [4].
Ultra Clean Holdings, Inc. Investors: Please contact the Portnoy Law Firm to recover your losses. May 23, 2025 Deadline to file Lead Plaintiff Motion
GlobeNewswire News Room· 2025-05-19 21:30
Core Viewpoint - A class action lawsuit has been filed against Ultra Clean Holdings, Inc. for allegedly making false or misleading statements regarding its market demand and financial performance during the specified class period [3][4]. Group 1: Class Action Details - The class action represents investors who purchased Ultra Clean securities between May 6, 2024, and February 24, 2025 [1]. - Investors have until May 23, 2025, to file a lead plaintiff motion [1]. Group 2: Allegations Against Ultra Clean - The lawsuit claims that Ultra Clean and its executives misrepresented the demand for the company's products in the domestic Chinese market [3]. - It is alleged that the optimistic reports on growth and earnings potential did not reflect the actual weakening demand due to issues with a major customer, extended qualification timelines, and inventory absorption [3]. Group 3: Financial Impact - On February 24, 2025, Ultra Clean disclosed "demand softness" in China, leading to a stock price drop of over 28% following the announcement of its fourth quarter and full year 2024 financial results [4].
The Gross Law Firm Notifies Shareholders of Ultra Clean Holdings, Inc.(UCTT) of a Class Action Lawsuit and an Upcoming Deadline
Prnewswire· 2025-05-19 17:04
Core Viewpoint - The article discusses a class action lawsuit against Ultra Clean Holdings, Inc. (NASDAQ: UCTT) due to allegations of misleading statements regarding demand for its products in the Chinese market, leading to significant stock price decline following the revelation of "demand softness" [2][3]. Group 1: Allegations and Impact - The lawsuit claims that Ultra Clean's executives provided investors with overly positive information about demand from Chinese OEMs and the domestic market, including reports of revenue doubling without signs of slowing down [2]. - It is alleged that while making these positive statements, the company concealed material adverse facts, such as facing a customer ramp issue and inventory corrections, which ultimately led to weakness in demand [2]. - Following the release of the fourth quarter and full year 2024 fiscal results on February 24, 2025, Ultra Clean's stock price dropped from $36.06 to $25.90 per share, a decline of over 28% in one day [2]. Group 2: Class Action Details - The class period for the lawsuit is defined as May 6, 2024, to February 24, 2025, and shareholders are encouraged to register for participation [2][3]. - The deadline for shareholders to seek lead plaintiff status is May 23, 2025, and there is no cost or obligation to participate in the case [3]. - Registered shareholders will receive updates through portfolio monitoring software throughout the lifecycle of the case [3].
Levi & Korsinsky Reminds Ultra Clean Holdings, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 23, 2025 - UCTT
Prnewswire· 2025-05-16 09:45
NEW YORK, May 16, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Ultra Clean Holdings, Inc. ("Ultra Clean" or the "Company") (NASDAQ: UCTT) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Ultra Clean investors who were adversely affected by alleged securities fraud between May 6, 2024 and February 24, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/ultra-clean-holdin ...
Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Ultra Clean Holdings, Inc. (UCTT) Shareholders
GlobeNewswire News Room· 2025-05-13 16:41
NEW YORK, May 13, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Ultra Clean Holdings, Inc. ("Ultra Clean" or the "Company") (NASDAQ: UCTT) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Ultra Clean investors who were adversely affected by alleged securities fraud between May 6, 2024 and February 24, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/ultra-clean- ...
Levi & Korsinsky Notifies Ultra Clean Holdings, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - UCTT
Prnewswire· 2025-05-13 09:45
NEW YORK, May 13, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Ultra Clean Holdings, Inc. ("Ultra Clean" or the "Company") (NASDAQ: UCTT) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Ultra Clean investors who were adversely affected by alleged securities fraud between May 6, 2024 and February 24, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/ultra-clean-holdin ...
Class Action Filed Against Ultra Clean Holdings, Inc. (UCTT) - May 23, 2025 Deadline to Join - Contact The Gross Law Firm
Prnewswire· 2025-05-12 09:45
NEW YORK, May 12, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Ultra Clean Holdings, Inc. (NASDAQ: UCTT).Shareholders who purchased shares of UCTT 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/ultra-clean-holdings-inc-loss-submission-form/?id=147715&from=4CLASS PERIOD: Ma ...
Contact Levi & Korsinsky by May 23, 2025 Deadline to Join Class Action Against Ultra Clean Holdings, Inc.(UCTT)
GlobeNewswire News Room· 2025-05-08 17:52
NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Ultra Clean Holdings, Inc. ("Ultra Clean" or the "Company") (NASDAQ: UCTT) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Ultra Clean investors who were adversely affected by alleged securities fraud between May 6, 2024 and February 24, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/ultra-clean- ...
Lost Money on Ultra Clean Holdings, Inc.(UCTT)? Join Class Action Suit Seeking Recovery - Contact The Gross Law Firm
Prnewswire· 2025-05-08 09:45
Core Viewpoint - The article discusses a class action lawsuit against Ultra Clean Holdings, Inc. (NASDAQ: UCTT) due to allegations of misleading statements regarding demand for its products in the Chinese market, leading to significant stock price decline [2][3]. Group 1: Allegations and Impact - The class period for the lawsuit is from May 6, 2024, to February 24, 2025, during which Ultra Clean allegedly provided investors with overly positive information about demand from Chinese OEMs and the domestic market [2]. - Defendants claimed that revenue doubled with no signs of slowing down, while concealing issues such as customer ramp problems and inventory corrections that affected demand [2]. - Following the release of the fourth quarter and full year 2024 fiscal results on February 24, 2025, Ultra Clean acknowledged "demand softness" in China, leading to a dramatic stock price drop from $36.06 to $25.90, a decline of over 28% in one day [2]. Group 2: Next Steps for Shareholders - Shareholders who purchased UCTT shares during the specified period are encouraged to register for the class action by May 23, 2025, to potentially become lead plaintiffs [3]. - Registered shareholders will receive updates through portfolio monitoring software regarding the case's progress [3]. Group 3: Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure companies engage in responsible business practices and seeks recovery for investors affected by misleading statements that inflated stock prices [4].
Shareholders that lost money on Ultra Clean Holdings, Inc. (UCTT) Urged to Join Class Action – Contact The Gross Law Firm to Learn More
GlobeNewswire News Room· 2025-05-07 16:32
Core Viewpoint - The article discusses a class action lawsuit against Ultra Clean Holdings, Inc. (NASDAQ: UCTT) due to allegations of misleading statements regarding demand for its products in the Chinese market, leading to significant stock price decline after the truth was revealed [1][3]. Group 1: Allegations and Demand Issues - The lawsuit alleges that Ultra Clean's executives provided investors with overly positive information about demand from Chinese OEMs and the domestic market throughout fiscal year 2024, including claims of revenue doubling without signs of slowing down [3]. - It is claimed that while making these positive statements, the company concealed material adverse facts, such as facing a customer ramp issue and inventory and demand corrections, which ultimately led to weakness in demand in China [3]. - On February 24, 2025, Ultra Clean reported "demand softness" in China during its earnings call, revealing decreased demand due to extended qualification timelines and inventory absorption [3]. Group 2: Stock Price Impact - Following the earnings call on February 24, 2025, Ultra Clean's stock price plummeted from $36.06 per share to $25.90 per share on February 25, 2025, marking a decline of over 28% in just one day [3]. Group 3: Class Action Participation - Shareholders who purchased UCTT shares during the class period from May 6, 2024, to February 24, 2025, are encouraged to register for the class action, with a deadline of May 23, 2025, to seek lead plaintiff status [4]. - Participants will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle, with no cost or obligation to participate [4]. Group 4: Law Firm Background - The Gross Law Firm, which is handling the class action, is a nationally recognized firm dedicated to protecting investors' rights against deceit and fraud, aiming to ensure responsible business practices by companies [5].