Vicor(US:VICR) Prnewswireยท2024-09-16 09:45Core 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/share [1]. Group 1 - The class period for the lawsuit is from April 26, 2023, to February 22, 2024 [1]. - Allegations include that Vicor created a false impression of 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 be appointed as lead plaintiffs [2]. - Once registered, shareholders will receive updates through portfolio monitoring software regarding the case's progress [2]. - Participation in the case incurs no cost or obligation for shareholders [2]. Group 3 - 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 [3].