NEW YORK, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP announces that a shareholder has filed a securities class action lawsuit on behalf of investors (the “Class”) who purchased or acquired the securities of Wolfspeed, Inc. (“Wolfspeed” or the “Company”) (NYSE: WOLF) between August 16, 2023 and November 6, 2024, inclusive. For more information, submit a form at Wolfspeed, Inc. Shareholder Class Action Lawsuit, email Investor Relations Manager Peter Allocco at pallocco@bernlieb.com, or call us a ...

Core Viewpoint - The article discusses a class action lawsuit against Wolfspeed, Inc. for alleged violations of the Securities Exchange Act of 1934, focusing on misleading statements regarding the company's growth and demand for its products during a specified class period [1][3]. Company Overview - Wolfspeed operates as a bandgap semiconductor company specializing in silicon carbide and gallium nitride (GaN) technologies [2]. Allegations of the Lawsuit - The lawsuit claims that Wolfspeed and its executives made false statements about the growth potential of its Mohawk Valley fabrication facility and the demand for its 200mm wafers in the electric vehicle market [3]. - It is alleged that Wolfspeed overstated demand for its key products and relied excessively on design wins, while the growth of the Mohawk Valley facility had already begun to decline [3]. - The lawsuit highlights that Wolfspeed's claim of achieving $100 million in quarterly revenue with only 20% utilization was misleading, as actual results showed a shortfall of 30% to 50% below that mark [4]. Financial Impact - On November 6, 2024, Wolfspeed reported financial results indicating that the anticipated revenue from the Mohawk Valley facility would not be met, leading to a significant stock price drop of over 39% following the announcement [4]. Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows investors who purchased Wolfspeed securities during the class period to seek appointment as lead plaintiff in the lawsuit, representing the interests of the class [5]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a prominent law firm specializing in securities fraud cases, having secured over $6.6 billion for investors in class action cases, making it one of the largest plaintiffs' firms globally [6].

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In Wolfspeed To Contact Him Directly To Discuss Their OptionsIf you suffered losses exceeding $75,000 in Wolfspeed between August 16, 2023 and November 6, 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]NEW YORK, Nov. 21, 2024 /PRNews ...

LOS ANGELES, Nov. 20, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Wolfspeed, Inc. ("Wolfspeed" or "the Company") (NYSE: WOLF) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between August 16, 2023 and November 6, 2024, inclusive (the "Class Period"), ar ...

NEW YORK, Nov. 20, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchases and acquirers of Wolfspeed, Inc. (NYSE: WOLF) between August 16, 2023 and November 6, 2024, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 17, 2025. SO WHAT: If you purchased Wolfspeed securities you may be entit ...

NEW YORK, Nov. 20, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Wolfspeed, Inc. (NYSE: WOLF). Shareholders who purchased shares of WOLF 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/wolfspeed-loss-submission-form/?id=112582&from=3 CLASS PERIOD: August 16, 2023 to No ...

RADNOR, Pa., Nov. 20, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com)  informs investors that a securities class action lawsuit has been filed against Wolfspeed, Inc. ("Wolfspeed") (NYSE: WOLF) on behalf of those who purchased or otherwise acquired Wolfspeed securities between August 16, 2023, and November 6, 2024, inclusive (the "Class Period"). The lead plaintiff deadline is January 17, 2025.CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:     If you suffered Wolfspeed lo ...

NEW YORK, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Wolfspeed, Inc. (“Wolfspeed” or the “Company”) (NYSE:WOLF) in the United States District Court for the Northern District of New York on behalf of all persons and entities who purchased or otherwise acquired Wolfspeed securities between August 16, 2023 to November 6, 2024, both dates inclusive (the “Class Period”). Investors ...

SAN DIEGO, Nov. 19, 2024 /PRNewswire/ -- Robbins LLP announces that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Wolfspeed, Inc. (NYSE: WOLF) securities between August 16, 2023 and November 6, 2024. Wolfspeed is a global semiconductor company focused on silicon carbide materials and the fabrication of devices for power applications.For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.The All ...

NEW YORK, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Wolfspeed, Inc. (“Wolfspeed” or “the Company”) (NYSE: WOLF) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Wolfspeed se ...