SMTC CLASS ACTION ALERT: Lose Money when Semtech Corp Plummeted 31%? Contact BFA Law about the Class Action Lawsuit

Core Viewpoint - A lawsuit has been filed against Semtech Corp. and its senior executives for potential violations of federal securities laws, specifically related to misrepresentations about their CopperEdge products [1][2][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Central District of California, titled Kleovoulos v. Semtech Corporation, et al., No. 25-cv-1474 [2]. - Investors have until April 22, 2025, to request to lead the case [2]. Group 2: Allegations Against Semtech - The complaint alleges that Semtech misrepresented the capabilities of its CopperEdge products, which were claimed to meet the needs of service rack customers but actually required architecture changes [3]. Group 3: Stock Performance Impact - Following the announcement on February 7, 2025, that CopperEdge's fiscal year 2026 net sales would be lower than the $50 million floor case scenario, Semtech's stock price dropped over 31$54.51 to $37.60 per share [4][5]. - This decline marked the largest single-day drop for Semtech stock in nearly 40 years [5].