WOLF Deadline: WOLF Investors Have Opportunity to Lead Wolfspeed, Inc. Securities Fraud Lawsuit

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Wolfspeed, Inc. securities between August 16, 2023, and November 6, 2024, about the January 17, 2025, lead plaintiff deadline for a class action lawsuit [1] Group 1: Class Action Details - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must move the Court by January 17, 2025, to serve as lead plaintiff [2] - The lawsuit concerns Wolfspeed's Mohawk Valley fabrication facility and alleges that the company misrepresented its growth potential and operational status [4][5] Group 2: Allegations Against Wolfspeed - The complaint claims that Wolfspeed provided overly positive revenue projections while concealing material adverse facts about its growth potential [5] - To meet its projections, Wolfspeed would need to cancel future projects, including a facility in Saarland, Germany, and terminate a significant portion of its workforce [5] Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and ranking No. 1 for securities class action settlements in 2017 [3] - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [3]