Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of April 22, 2025 in Semtech Corporation Lawsuit - SMTC

Core Viewpoint - A class action securities lawsuit has been filed against Semtech Corporation, alleging securities fraud that negatively impacted investors between August 27, 2024, and February 7, 2025 [1][2]. Group 1: Lawsuit Details - The complaint claims that Semtech's CopperEdge products failed to meet customer needs, necessitating changes in rack architecture [2]. - Due to these issues, sales of CopperEdge products are expected to be lower than anticipated, affecting the company's revenue projections for fiscal 2026 [2]. - The lawsuit asserts that the defendants made misleading statements regarding the company's business and operational prospects, lacking a reasonable basis [2]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until April 22, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [3]. - Class members may be eligible for compensation without incurring any out-of-pocket costs or fees [3]. Group 3: Legal Firm Background - Levi & Korsinsky has a history of securing significant settlements for shareholders and is recognized as one of the top securities litigation firms in the United States [4].