Micron Technology(US:MU) Prnewswire·2025-02-11 14:55Core 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 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 sustainability of that demand, leading to misleading public statements [2]. - The complaint asserts that these misleading statements were made throughout the entire Class Period, affecting investor decisions [2]. Group 2: Lead Plaintiff Process - Investors in Micron can seek to be appointed as lead plaintiffs by March 10, 2025, or choose to remain absent class members [3]. - A lead plaintiff represents the interests of all class members and selects counsel to direct the litigation [3]. - Participation as a lead plaintiff does not affect the ability to share in any recovery from the lawsuit [3]. Group 3: Firm Information - Kessler Topaz Meltzer & Check, LLP is handling the class action and has a reputation for prosecuting class actions globally, recovering billions for victims of corporate misconduct [4]. - The firm encourages affected Micron investors to contact them for more information regarding the lawsuit [4].