Vicor(US:VICR) Prnewswireยท2024-08-15 09:45Core 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].