Vicor(VICR)

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ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Vicor Corporation Investors to Secure Counsel Before Important September 23 Deadline in Securities Class Action – VICR
GlobeNewswire News Room· 2024-09-12 21:58
Group 1 - The Rosen Law Firm is reminding purchasers of Vicor Corporation common stock from April 26, 2023, to February 22, 2024, about the lead plaintiff deadline on September 23, 2024 [1] - Investors who purchased Vicor 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 against Vicor, and interested parties can join by contacting the Rosen Law Firm [3][6] Group 2 - The lawsuit 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 [5] - 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 [5] Group 3 - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, noting its own achievements in this area [4] - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone, and has been recognized for its performance in securities class action settlements [4]
Class Action Filed Against Vicor Corporation (VICR) Seeking Recovery for Investors - Contact The Gross Law Firm
Prnewswire· 2024-09-12 09:45
Group 1 - The Gross Law Firm has issued a notice to shareholders of Vicor Corporation regarding a class action lawsuit due to misleading statements about a significant deal for its H100 product [1][2] - The class period for the lawsuit is from April 26, 2023, to February 22, 2024, during which Vicor's stock price peaked at nearly $100 per share before falling approximately 60% [1] - Allegations include that Vicor failed to disclose the lack of a deal with Nvidia Corporation, leading to a sharp reversal in new contracts and sales as noted in their end-of-year earnings announcement [1] Group 2 - Shareholders are encouraged to register for the class action by September 23, 2024, to potentially become lead plaintiffs and receive updates on the case [2] - The Gross Law Firm aims to protect investors' rights and seeks recovery for losses incurred due to false or misleading statements by companies [3]
Lead Plaintiff Deadline Quickly Approaching in Vicor Corporation (VICR) Class Action – Shareholders Should Contact Robbins LLP for Information
GlobeNewswire News Room· 2024-09-11 18:31
Core Viewpoint - A class action lawsuit has been filed against Vicor Corporation, alleging that the company misled investors regarding its AI platform and a purported deal with Nvidia, leading to inflated stock prices during the class period from April 26, 2023, to February 22, 2024 [1][2]. Group 1: Allegations and Impact - The lawsuit claims that Vicor misrepresented its AI platform's potential and falsely indicated a significant deal with Nvidia for its H100 product, which misled investors and inflated stock prices [2]. - Following the release of its Q3 2023 earnings on October 24, 2023, Vicor's stock price dropped by $14.14 per share after the company was reluctant to discuss its AI platforms, interpreted by analysts as a sign of diminishing opportunities in the AI market [3]. - On February 22, 2024, Vicor's end-of-year earnings report missed analyst expectations, leading to a significant decline in stock price from $46.84 per share to $35.67 per share the following day, indicating a sharp reversal in new contracts and sales [4]. Group 2: Legal Proceedings - Shareholders interested in participating in the class action must file motions by September 23, 2024, to serve as lead plaintiffs, representing the interests of other class members [5]. - Robbins LLP, the law firm handling the case, operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless the case is won [6].
Vicor Corporation Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - VICR
Prnewswire· 2024-09-11 12:45
Core Viewpoint - A class action lawsuit has been filed against Vicor Corporation for allegedly making false and misleading statements regarding its AI capabilities and a purported deal with Nvidia, which led to investor losses when the truth was revealed [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Vicor misrepresented its AI platform and falsely indicated that it had secured a deal with Nvidia for the H100 product [2]. - The complaint alleges that Vicor continued to mislead the market about the deal over several months, resulting in materially false public statements [2]. - Investors suffered damages when the market became aware of the true situation regarding Vicor's claims [2]. Group 2: Investor Participation - Shareholders who purchased shares of Vicor during the class period are encouraged to contact the DJS Law Group for potential lead plaintiff appointments, although this is not a requirement for recovery [2][3]. Group 3: Law Firm Background - DJS Law Group specializes in securities class actions and corporate governance litigation, focusing on enhancing investor returns through advocacy [4]. - The firm represents some of the largest hedge funds and alternative asset managers, emphasizing the value of litigation claims as significant assets [4].
Investors who lost money on Vicor Corporation (VICR) should contact The Gross Law Firm about pending Class Action - VICR
GlobeNewswire News Room· 2024-09-10 17:21
NEW YORK, Sept. 10, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Vicor Corporation (NASDAQ: VICR). Shareholders who purchased shares of VICR 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/vicor-corporation-loss-submission-form/?id=101226&from=3 CLASS PERIOD: April 26 ...
Kirby McInerney LLP Reminds Investors of Lead Plaintiff Deadline in Vicor Corporation (VICR) Securities Class Action
GlobeNewswire News Room· 2024-09-09 21:42
Core Viewpoint - Vicor Corporation is facing a federal securities class action lawsuit due to significant declines in stock prices following disappointing financial results and misleading statements regarding its business performance and contracts [1][2][3]. Financial Performance - On October 24, 2023, Vicor reported a reduction in backlog and expressed concerns about revenue, gross margin, and operating expenses being approximately flat sequentially, leading to a stock price drop of $14.14, or 26.6%, from $53.19 to $39.05 [1]. - On February 22, 2024, Vicor announced fourth-quarter financial results that missed analyst expectations, resulting in a further decline of $10.97, or 23.4%, from $46.84 to $35.67 [2]. Allegations in the Lawsuit - The lawsuit claims that Vicor's management made false or misleading statements about the company's technology and market opportunities, including: - Misrepresentation of the potential customer base for Vicor's advanced products in AI [3]. - False impressions regarding increased opportunities from Power Distribution Networks solutions [3]. - Lack of a significant deal with Nvidia for its H100 product [3]. - Continued weakness and decrease in backlog for the third quarter of 2023 [3].
ROSEN, LEADING TRIAL ATTORNEYS, Encourages Vicor Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – VICR
GlobeNewswire News Room· 2024-09-07 20:17
Group 1 - The Rosen Law Firm is reminding purchasers of Vicor Corporation common stock from April 26, 2023, to February 22, 2024, about the lead plaintiff deadline on September 23, 2024 [1] - Investors who purchased Vicor 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 against Vicor, and interested parties can join by contacting the Rosen Law Firm [3][6] Group 2 - The lawsuit 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 [5] - 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 [5] Group 3 - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, noting its own achievements in this area [4]
September 23, 2024 Deadline: Contact The Gross Law Firm to Join Class Action Suit Against VICR
Prnewswire· 2024-09-05 09:45
NEW YORK, Sept. 5, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Vicor Corporation (NASDAQ: VICR). Shareholders who purchased shares of VICR 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/vicor-corporation-loss-submission-form/?id=100105&from=4 CLASS PERIOD: April 26, 202 ...
Vicor Corporation Responds to Allegations Made in Recently Filed Securities Litigation
GlobeNewswire News Room· 2024-09-03 16:03
ANDOVER, Mass., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ: VICR) (the "Company") today disclosed facts that formed the basis for forward-looking statements about an expected revenue ramp, made in the Company's July 25, 2023 Earnings Call, that were alleged to be untrue in recentlyfiled securities litigation against the Company. These statements were true when made on the basis of the facts outlined below. As of July 25, 2023, the Company had booked over $30 million in Non-Cancellable, Non ...
Contact The Gross Law Firm by September 23, 2024 Deadline to Join Class Action Against Vicor Corporation(VICR)
Prnewswire· 2024-08-29 09:45
Core Viewpoint - Vicor Corporation (NASDAQ: VICR) is facing a class action lawsuit due to allegations of misleading investors regarding a significant deal for its H100 product, which was believed to be with Nvidia Corporation. The company's stock price has dropped approximately 60% from its intra-class period high of nearly $100 per share [1]. Group 1 - The class period for the lawsuit is from April 26, 2023, to February 22, 2024 [1]. - Allegations state that Vicor created a false impression about securing a major deal, which was not discussed in their earnings announcement 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]. - The stock price decline reflects significant investor losses, highlighting the impact of the alleged misleading statements [1]. Group 2 - Shareholders are encouraged to register for the class action by September 23, 2024, to potentially become lead plaintiffs and participate in recovery efforts [2]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [2]. - The Gross Law Firm, which is leading the class action, emphasizes its commitment to protecting investors' rights against deceit and fraud [3].