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MU Class Action Lawsuit Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Micron Technology, Inc. (MU) Investors that a Securities Fraud Class Action Lawsuit Has Been Filed
MUMicron Technology(MU) Prnewswire·2025-01-27 19:33

Core Viewpoint - A securities class action lawsuit has been filed against Micron Technology, Inc. for allegedly making materially false and misleading statements regarding its business and operations during the specified Class Period from September 28, 2023, to December 18, 2024 [1]. Group 1: Allegations Against Micron - The lawsuit claims that Micron's management overstated the demand for its products, particularly in consumer markets and for NAND products, which had significantly deteriorated [3]. - It is alleged that the company misrepresented the recovery of demand and the normalization of inventory levels for its products, leading to materially false public statements [3]. Group 2: Legal Process and Participation - Investors who purchased Micron stock during the Class Period can seek to be appointed as lead plaintiffs by March 10, 2025, or remain absent class members [4]. - The lead plaintiff will represent the interests of all class members and select legal counsel to direct the litigation [4].