Micron Technology(MU) Prnewswire·2025-02-20 10:45Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Micron Technology, Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements about the demand for its products, particularly in the NAND market, during the specified class period [1][2]. Group 1: Allegations - The complaint claims that demand for Micron's products in consumer markets, especially NAND products, significantly deteriorated [1]. - It is alleged that the defendants overstated the recovery of demand for Micron's products and the sustainability of such demand, as well as the normalization of inventory levels [1]. - As a result, the company's public statements were deemed materially false and misleading throughout the relevant period [1]. Group 2: Class Action Details - The class period for the lawsuit is defined as September 28, 2023, to December 18, 2024 [1]. - Shareholders who purchased shares during this period are encouraged to register for participation in the class action, with a deadline set for March 10, 2025 [2]. - Participants will be enrolled in a portfolio monitoring system to receive updates on the case's progress [2]. Group 3: Law Firm's Mission - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit, fraud, and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3].