Core Viewpoint - Vicor Corporation 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, leading to a substantial decline in stock price [1]. Group 1: Allegations and Impact - The class period for the allegations spans from April 26, 2023, to February 22, 2024 [1]. - Vicor's stock price peaked at nearly $100 per share during the class period but has since fallen approximately 60% following the failure to disclose the alleged deal and a subsequent press release indicating a sharp decline in new contracts and sales [1]. Group 2: Legal Proceedings - Shareholders who purchased shares during the specified class period are encouraged to register for the class action, with a deadline for lead plaintiff appointment set for September 23, 2024 [2]. - Registered shareholders will receive updates through portfolio monitoring software regarding the status of the case [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 affected by misleading statements that inflated stock prices [3].

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, which was believed to be with Nvidia Corporation [2] - The company's stock price peaked at nearly $100 per share during the class period but has since fallen approximately 60% following the failure to discuss the deal and a subsequent press release indicating a sharp decline in new contracts and sales [2] Group 2: Next Steps for Investors - Investors who suffered losses during the relevant time frame 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: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4]

Core Viewpoint - Vicor Corporation (NASDAQ: VICR) 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. The company's stock price has dropped approximately 60% from its intra-class period high of nearly $100/share following the revelation of these misleading statements [2]. Group 1 - The class period for the lawsuit is from April 26, 2023, to February 22, 2024 [2]. - Allegations state that Vicor created a false impression about securing a deal with Nvidia, 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 [2]. - Vicor's stock price has fallen approximately 60% from its peak during the class period [2]. Group 2 - Shareholders are encouraged to register for the class action by September 23, 2024, to potentially be appointed as lead plaintiffs [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [3]. - There is no cost or obligation for shareholders to participate in the case [3]. Group 3 - 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 adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4].

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].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Vicor Corporation due to allegations of false and misleading statements regarding a significant deal for its H100 product, which is believed to be with Nvidia Corporation [2][4]. Group 1: Legal Investigation and Class Action - The law firm is encouraging investors who suffered losses exceeding $100,000 in Vicor between April 26, 2023, and February 22, 2024, to discuss their legal rights [1]. - There is a deadline of September 23, 2024, for investors to seek the role of lead plaintiff in a federal securities class action against Vicor [2]. - The complaint alleges that Vicor and its executives violated federal securities laws by failing to disclose critical information about the H100 product deal [4]. Group 2: Stock Performance and Financial Impact - Vicor's stock price has experienced a significant decline of approximately 60% from an intra-class period high of nearly $100 per share [5]. - The decline was 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: Call for Information - Faruqi & Faruqi is also seeking information from whistleblowers, former employees, shareholders, and others regarding Vicor's conduct [7].

NEW YORK, Aug. 07, 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=94046&from=3 CLASS PERIOD: April 26, ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Vicor To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $100,000 in Vicor between April 26, 2023 and February 22, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/VICR. NEW YORK, A ...

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].