Micron Technology(MU) Prnewswire·2025-03-03 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 and Class Period - The class period for the allegations is from September 28, 2023, to December 18, 2024 [1]. - The complaint claims that demand for Micron's products, especially NAND products, significantly deteriorated, contradicting the company's public statements about demand recovery [1]. - It is alleged that the company overstated the sustainability of demand and the normalization of inventory for its products, leading to misleading public statements [1]. Group 2: Next Steps for Shareholders - Shareholders who purchased shares during the class period are encouraged to register for the class action by March 10, 2025, to potentially become lead plaintiffs [2]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [2]. - Participation in the case incurs no cost or obligation for the shareholders [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 and fraud [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3].