Semtech Corporation Class Action: Levi & Korsinsky Reminds Semtech Corporation Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of April 22, 2025 – SMTC

Core Viewpoint - Semtech Corporation is facing a class action securities lawsuit due to alleged securities fraud that affected investors between August 27, 2024, and February 7, 2025 [1] Group 1: Allegations of Fraud - The lawsuit claims that Semtech's CopperEdge products did not meet the requirements of its server rack customers or end users [2] - It is alleged that the CopperEdge products necessitated specific changes in rack architecture [2] - Consequently, the sales of CopperEdge products are expected to be lower than anticipated, impacting the company's sales ramp-up during fiscal 2026 [2] - The defendants' positive statements regarding the company's business and prospects are claimed to be materially misleading and lacking a reasonable basis [2] Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until April 22, 2025, to request appointment as lead plaintiff [3] - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the U.S. [4]