Micron Technology(US:MU) Prnewswire·2025-02-06 20:37Core 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][2]. Group 1: Allegations Against Micron - The lawsuit claims that demand for Micron's products, particularly NAND products, significantly deteriorated, which was not disclosed by the company [2]. - It is alleged that Micron overstated the recovery of demand for its products and the normalization of inventory levels, leading to misleading public statements [2]. - The complaint asserts that these misrepresentations rendered the company's public statements materially false and misleading throughout the Class Period [2]. Group 2: Lead Plaintiff Process - Investors in Micron have until March 10, 2025, to seek appointment as a lead plaintiff representative for the class, or they may choose to remain absent [3]. - The lead plaintiff is typically the investor or group of investors with the largest financial interest and who are representative of the class [3]. - The lead plaintiff will select counsel to represent the class, and participation as a lead plaintiff does not affect the ability to share in any recovery [3]. Group 3: Firm Information - Kessler Topaz Meltzer & Check, LLP is the law firm handling the case and has a reputation for prosecuting class actions and recovering significant amounts for victims of corporate misconduct [4]. - The firm encourages Micron investors who have suffered losses to contact them for more information [4].