The Gross Law Firm Notifies Vicor Corporation Investors of a Class Action Lawsuit and Upcoming Deadline – VICR

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 per share [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 report on October 24, 2023, and was 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 significantly, reflecting a loss of investor confidence due to these misleading statements [2]. Group 2 - Shareholders are encouraged to register for the class action by September 23, 2024, to potentially become lead plaintiffs and participate in recovery efforts [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [3]. - The Gross Law Firm, which is leading the class action, aims to protect investors' rights and ensure accountability for misleading business practices [4].