Micron Technology(US:MU) Prnewswire·2025-02-07 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 of demand for Micron's products and the sustainability of such demand, leading to materially false and misleading public statements [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until March 10, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require this [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, indicating no financial obligation to participate in the lawsuit [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 as one of the top securities litigation firms in the United States for seven consecutive years [4].