INVESTOR DEADLINE NEXT WEEK: Robbins Geller Rudman & Dowd LLP Announces that Micron Technology, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - MU

Core Viewpoint - The Micron Technology, Inc. class action lawsuit alleges that the company and its executives made misleading statements regarding product demand and financial performance, leading to significant stock price declines [3][4]. Group 1: Class Action Details - The class action lawsuit is titled Klein v. Micron Technology, Inc., and covers purchasers of Micron common stock from September 28, 2023, to December 18, 2024 [1]. - Investors have until March 10, 2025, to seek appointment as lead plaintiff in the lawsuit [1][5]. - The lawsuit claims that Micron's executives violated the Securities Exchange Act of 1934 [1]. Group 2: Allegations Against Micron - The lawsuit alleges that Micron overstated the demand for its products, particularly in consumer markets and NAND products, which had significantly deteriorated [3]. - It is claimed that Micron failed to disclose the true extent of the decline in demand and the sustainability of its product demand [3]. Group 3: Financial Performance - On December 18, 2024, Micron reported a greater-than-expected revenue decline in NAND flash memory for Q1 of fiscal year 2025 [4]. - The company provided disappointing guidance for Q2 FY2025, with adjusted earnings projected between $1.33 and$1.53 per share, below the $1.92 estimate, and sales expected between$7.7 billion and $8.1 billion, with the midpoint below the$8.99 billion estimate [4]. - Adjusted gross margins were projected between 37.5% and 39.5%, significantly lower than the 41.3% estimate, citing weakness in consumer-oriented markets [4].