Core Viewpoint - Vicor Corporation (NASDAQ: VICR) 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. The company's stock price has dropped approximately 60% from its intra-class period high of nearly $100 per share [1]. Group 1 - The class period for the lawsuit is from April 26, 2023, to February 22, 2024 [1]. - Allegations state that Vicor created a false impression about securing a major deal, which was not discussed in their earnings announcement on October 24, 2023, and was later contradicted by a press release on February 22, 2024, indicating a sharp decline in new contracts and sales [1]. - The stock price decline reflects significant investor losses, highlighting the impact of the alleged misleading statements [1]. 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 [2]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [2]. - The Gross Law Firm, which is leading the class action, emphasizes its commitment to protecting investors' rights against deceit and fraud [3].
Contact The Gross Law Firm by September 23, 2024 Deadline to Join Class Action Against Vicor Corporation(VICR)