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INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Vicor
VicorVicor(US:VICR) GlobeNewswire News Roomยท2024-08-08 14:35

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].