Micron Technology(MU) Prnewswire·2025-02-16 15:20Core 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]. Group 1: Allegations Against Micron - The complaint claims that demand for Micron's products, particularly NAND products, significantly deteriorated during the Class Period [3]. - It is alleged that Micron overstated the recovery of demand for its products and the sustainability of such demand, as well as the normalization of inventory levels [3]. - As a result, the company's public statements were deemed materially false and misleading throughout the relevant time frame [3]. Group 2: Legal Process for Investors - Micron investors have until March 10, 2025, to seek appointment as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel [4]. - A lead plaintiff is typically the investor or small group of investors with the largest financial interest and who are representative of the proposed class [4]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit [4].