Micron Technology(MU) Prnewswire·2025-01-30 10:45Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Micron Technology, Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements about the demand for its products, particularly NAND products, during the specified class period [1][2]. Group 1: Allegations - The complaint alleges that demand for Micron's products in consumer markets, especially NAND products, had significantly deteriorated [1]. - It is claimed that the defendants overstated the recovery of demand for Micron's products and the sustainability of such demand, particularly in consumer markets [1]. - The public statements made by the company were materially false and misleading throughout the relevant times [1]. Group 2: Class Action Details - The class period for the lawsuit is defined as September 28, 2023, to December 18, 2024 [1]. - Shareholders who purchased shares during this period are encouraged to register for the class action, with a deadline for lead plaintiff appointment set for March 10, 2025 [2]. - Participants will be enrolled in a portfolio monitoring software to receive updates on the case's status [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3].