Micron Technology(US:MU) Prnewswire·2025-02-11 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: Lawsuit Details - 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 and sustainability of demand for Micron's products and the normalization of inventory levels [2]. - The public statements made by the Company were materially false and misleading during the relevant time period [2]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until March 10, 2025, to request to be appointed as lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and participation does not require serving as a lead plaintiff [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].