INVESTOR DEADLINE MONDAY: Robbins Geller Rudman & Dowd LLP Announces that Vicor Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - VICR

Core Viewpoint - The Vicor Corporation is facing a class action lawsuit for alleged violations of the Securities Exchange Act of 1934, with claims that the company and its executives made misleading statements regarding its technology and financial performance during a specified class period [1][4]. Company Overview - Vicor Corporation is a global power technology company that designs, develops, manufactures, and markets modular power components and power systems for converting electrical power [3]. Allegations of the Lawsuit - The lawsuit alleges that Vicor's executives created a false impression of the company's technology capabilities in high power applications, particularly in relation to AI products [4]. - It is claimed that Vicor did not secure a significant deal with Nvidia for its H100 product and that the company's backlog was weak and decreasing for Q3 2023 [4]. - On October 24, 2023, Vicor disclosed a reduction in backlog and indicated a lack of visibility for its near-term outlook, leading to a nearly 27% drop in stock price [5]. - On February 22, 2024, Vicor reported fourth-quarter financial results that missed analyst expectations, resulting in a further nearly 24% decline in stock price [6]. Legal Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Vicor common stock during the class period to seek appointment as lead plaintiff in the lawsuit [7]. - The lead plaintiff represents the interests of all class members and can select a law firm to litigate the case [7]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud cases, having recovered $6.6 billion for investors in securities-related class action cases [8].