MU INVESTOR NOTICE: Micron Technology, Inc. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit

Core Viewpoint - Micron Technology, Inc. is facing a class action lawsuit alleging violations of the Securities Exchange Act of 1934 due to misleading statements regarding product demand and financial performance during the specified class period [1][3]. Group 1: Class Action Details - The class action lawsuit is titled Klein v. Micron Technology, Inc., and it allows purchasers of Micron common stock between September 28, 2023, and December 18, 2024, to seek appointment as lead plaintiff by March 10, 2025 [1][5]. - The lawsuit claims that Micron and its executives made false statements about the demand for their products, particularly in consumer markets, and overstated the recovery and sustainability of this demand [3][4]. Group 2: Financial Performance - On December 18, 2024, Micron reported a significant revenue decline in NAND flash memory, with disappointing guidance for the second quarter of fiscal year 2025, including adjusted earnings projected between $1.33 and$1.53 per share, below the $1.92 estimate [4]. - Micron's sales guidance for the second quarter was set between$7.7 billion and $8.1 billion, with the midpoint falling short of the$8.99 billion estimate, and adjusted gross margins were projected between 37.5% and 39.5%, below the 41.3% estimate [4]. Group 3: Legal Representation - Robbins Geller Rudman & Dowd LLP is leading the class action lawsuit and is recognized as a top law firm in securities fraud cases, having recovered $6.6 billion for investors in related class action cases [6].