INVESTOR DEADLINE NEXT WEEK: 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 during the specified class period, leading to significant investor losses [3][4]. Company Overview - Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products, including dynamic random access memory (DRAM), NAND, NOR, and high-bandwidth memory semiconductor devices [2]. Allegations of the Lawsuit - The lawsuit claims that during the class period, Micron misrepresented the demand for its products, particularly in consumer markets, and overstated the recovery and sustainability of demand for its NAND products [3]. - On December 18, 2024, Micron reported a greater-than-expected revenue decline in NAND flash memory and issued disappointing guidance for the second quarter of fiscal year 2025, with adjusted earnings projected between $1.33 and$1.53 per share, sales between $7.7 billion and$8.1 billion, and adjusted gross margins between 37.5% and 39.5% [4]. Impact on Stock Price - Following the announcement of disappointing financial results, Micron's stock price fell by more than 16% [4]. Legal Process - Investors who purchased Micron common stock during the class period can seek appointment as lead plaintiff in the class action lawsuit, which allows them to act on behalf of other class members [5]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud cases, having recovered $6.6 billion for investors in securities-related class action cases, and is recognized for securing significant monetary relief for investors [6].