Micron Technology(MU) Prnewswire·2025-01-21 10:45Core Viewpoint - A class action securities lawsuit has been filed against Micron Technology, Inc. alleging securities fraud that negatively impacted investors between September 28, 2023, and December 18, 2024 [1][2] Group 1: Allegations of Fraud - The lawsuit claims that Micron's management made false statements regarding the demand for its products, particularly NAND products, which had significantly deteriorated [2] - It is alleged that the defendants overstated the recovery and sustainability of demand for Micron's products and the normalization of inventory levels [2] - As a result, the public statements made by the Company were materially false and misleading during the relevant time period [2] Group 2: Legal Process and Participation - Investors who suffered losses in Micron during the specified timeframe have until March 10, 2025, to request appointment as lead plaintiff [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees, and participation does not require serving as a lead plaintiff [3] Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4]