Core Viewpoint - Vicor Corporation is facing a class action lawsuit due to allegations of misleading statements regarding a significant deal for its H100 product, which was believed to be with Nvidia Corporation, leading to a substantial decline in its stock price [1]. Group 1: Allegations and Impact - The class period for the lawsuit is from April 26, 2023, to February 22, 2024 [1]. - Allegations state that Vicor created a false impression of securing a major deal, which was not discussed in their earnings report on October 24, 2023, and was later contradicted by a press release on February 22, 2024, indicating a sharp decline in new contracts and sales [1]. - Vicor's stock price peaked at nearly $100 per share during the class period but has since fallen approximately 60% [1]. Group 2: Next Steps for Shareholders - Shareholders who purchased shares during the specified class period are encouraged to register for the class action by September 23, 2024 [2]. - Upon registration, shareholders will be enrolled in a portfolio monitoring system to receive updates on the case [2]. - Participation in the case incurs no cost or obligation for the shareholders [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to 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].

Group 1 - A class action lawsuit has been filed against Vicor Corporation for potential securities fraud and unlawful business practices [2][3] - Investors who purchased Vicor securities during the Class Period have until September 23, 2024, to request appointment as Lead Plaintiff [2] - Vicor's Q3 2023 earnings report indicated weak bookings, but the CEO expressed confidence in the company's positioning for AI power system market expansion [3] Group 2 - Following the Q3 earnings announcement, Vicor's stock price dropped by $14.14, or 26.58%, closing at $39.05 on October 25, 2023 [4] - On February 22, 2024, Vicor reported end-of-year earnings that missed analyst expectations, leading to a further stock price decline of $11.17, or 23.85%, closing at $35.67 on February 23, 2024 [4]

Core Viewpoint - Vicor Corporation is facing a class action lawsuit for alleged violations of the Securities Exchange Act of 1934, with claims of misleading statements regarding its technology and financial performance during the specified class period [1][4]. Company Overview - Vicor Corporation is a global power technology company that designs, develops, manufactures, and markets modular power components and power systems for converting electrical power [3]. Allegations of the Lawsuit - The lawsuit alleges that Vicor and its executives made false or misleading statements about: - The potential customer base for Vicor's advanced products in AI [4] - Opportunities from its Power Distribution Networks solutions [4] - The lack of a significant deal with Nvidia for its H100 product [4] - A weak and decreasing backlog for the third quarter of 2023 [4]. Financial Impact - On October 24, 2023, Vicor disclosed a reduction in backlog, leading to a nearly 27% drop in its stock price [5]. - On February 22, 2024, Vicor reported fourth-quarter financial results that missed analyst expectations, resulting in a nearly 24% decline in stock price [6]. Legal Process - Investors who purchased Vicor common stock during the class period can seek appointment as lead plaintiff in the lawsuit, which allows them to act on behalf of other class members [7].

Group 1: Vicor Corporation (NASDAQ: VICR) - The class period for the Vicor Corporation lawsuit is from April 26, 2023, to February 22, 2024, with a lead plaintiff deadline of September 23, 2024 [2] - The complaint alleges that Vicor misled investors by falsely claiming a significant deal for its H100 product, which was believed to be with Nvidia Corporation [2] - Following the failure to discuss the deal on October 24, 2023, and a subsequent press release on February 22, 2024, Vicor's stock price fell approximately 60% from an intra-class period high of nearly $100 per share [2] Group 2: MacroGenics, Inc. (NASDAQ: MGNX) - The class period for the MacroGenics lawsuit is from March 7, 2024, to May 9, 2024, with a lead plaintiff deadline of September 24, 2024 [3] - On May 9, 2024, MacroGenics reported five fatal outcomes in its TAMARACK Phase 2 study, leading to a decline in share price by $11.36, or approximately 77.4%, from $14.67 to $3.31 [3] - The lawsuit claims that MacroGenics made material misrepresentations by providing overly positive statements while concealing adverse facts related to early interim safety data from the TAMARACK Phase 2 study [4]

Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of Vicor Corporation common stock during the specified Class Period, alleging misleading statements regarding a significant deal for its H100 product [1][5]. Group 1: Lawsuit Details - The class action lawsuit pertains to Vicor Corporation's common stock purchases made between April 26, 2023, and February 22, 2024 [1]. - The lawsuit claims that Vicor created a false impression of securing a significant deal with Nvidia Corporation, which was later contradicted by the company's failure to discuss the deal and a subsequent announcement of a sharp reversal in new contracts and sales [5]. - Investors are encouraged to join the class action without incurring out-of-pocket fees through a contingency fee arrangement [2]. Group 2: Legal Representation - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting its own achievements in recovering significant amounts for investors [4]. - The firm has been recognized for its success in securities class action settlements, including a notable settlement against a Chinese company and ranking highly in the number of settlements achieved [4]. Group 3: Next Steps for Investors - Interested investors can join the class action by visiting the provided link or contacting the firm directly for more information [3][6]. - It is noted that no class has been certified yet, and investors have the option to select their own counsel or remain absent from the class [7].

Core Viewpoint - Vicor Corporation is facing a securities class action lawsuit for failing to disclose material information during the class period, which has led to significant financial losses and a drop in share price [2][3][4]. Group 1: Lawsuit Details - Investors have until September 23, 2024, to file lead plaintiff applications in the lawsuit against Vicor Corporation for the class period from April 26, 2023, to February 22, 2024 [1]. - The lawsuit alleges that Vicor and certain executives violated federal securities laws by not disclosing important information [2]. Group 2: Financial Performance - On February 22, 2024, Vicor disclosed disappointing financial results, including a 12.2% decrease in revenues for Q4 2023, totaling $47.3 million, down from $49.1 million in Q4 2022 [3]. - The company's backlog decreased by 47.2%, falling from $304.4 million to $160.8 million [3]. Group 3: Share Price Impact - Following the financial disclosure, Vicor's share price dropped from $46.84 on February 22, 2024, to $35.87 on February 23, 2024 [4].

Core Viewpoint - Vicor Corporation is facing a class action securities lawsuit due to alleged securities fraud that affected investors between April 26, 2023, and February 22, 2024 [1][2] Group 1: Lawsuit Details - The lawsuit claims that Vicor misled investors by suggesting it had secured a significant deal for its H100 product, believed to be with Nvidia Corporation, which was later proven incorrect [2] - Following the failure to discuss this deal on October 24, 2023, and a subsequent press release on February 22, 2024, Vicor reported a sharp decline in new contracts and sales, leading to a stock price drop of approximately 60% from an intra-class period high of nearly $100 per share [2] Group 2: Investor Participation - Investors who suffered losses during the specified period have until September 23, 2024, to request to be appointed 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 [3] Group 3: Legal Representation - 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 as one of the leading securities litigation firms in the United States [4]

Group 1: Vicor Corporation (NASDAQ: VICR) - The class period for Vicor Corporation is from April 26, 2023, to February 22, 2024, with a lead plaintiff deadline of September 23, 2024 [2] - The complaint alleges that Vicor misled investors by creating a false impression of securing a significant deal for its H100 product, which was believed to be with Nvidia Corporation [2] - Following the failure to discuss this deal on October 24, 2023, and a subsequent press release on February 22, 2024, indicating a sharp reversal in new contracts and sales, Vicor's stock price fell approximately 60% from an intra-class period high of nearly $100 per share [2] Group 2: American Airlines Group Inc. (NASDAQ: AAL) - The class period for American Airlines is from January 25, 2024, to May 28, 2024, with a lead plaintiff deadline of September 16, 2024 [3] - On May 28, 2024, American Airlines announced the departure of its Chief Commercial Officer and lowered its guidance, leading to a significant drop in stock price [3] - The CEO indicated that expectations for domestic performance had worsened materially, attributing the revision to a softer domestic environment than previously anticipated, resulting in a stock price decline of $1.82, or 13.5%, to close at $11.62 per share on May 29, 2024 [3][4]

Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of Vicor Corporation common stock during the specified Class Period, alleging misleading statements regarding a significant deal with Nvidia Corporation that ultimately proved incorrect [1][7]. Group 1: Class Action Details - The class action lawsuit is filed for purchasers of Vicor common stock between April 26, 2023, and February 22, 2024 [1]. - Investors who purchased Vicor stock during this period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A lead plaintiff must move the Court by September 23, 2024, to represent other class members in the litigation [3][5]. Group 2: Allegations Against Vicor - The lawsuit claims that Vicor created a false impression of securing a significant deal for its H100 product, which was believed to be with Nvidia Corporation [7]. - The misleading statements were highlighted when Vicor failed to discuss the deal on October 24, 2023, and later announced a sharp reversal in new contracts and sales on February 22, 2024 [7]. - The lawsuit asserts that investors suffered damages when the true details of the situation became known [7].

NEW YORK, July 29, 2024 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the District of Massachusetts on behalf of all persons or entities who purchased or otherwise acquired Vicor Corporation ("Vicor" or the "Company") (NASDAQ: VICR) securities between April 26, 2023 and February 22, 2024, inclusive (the "Class Period"). The lawsuit seeks to recover damages for the Company's investors under the federal sec ...