Vicor Corporation Class Action: Levi & Korsinsky Reminds Vicor Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of September 23, 2024 – VICR

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]