Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Semtech Corporation(SMTC) Shareholders

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]. Group 1: Lawsuit Details - The complaint claims that Semtech made false statements regarding its CopperEdge products, which allegedly did not meet customer needs, leading to required changes in rack architecture [2]. - As a result of these issues, the sales of CopperEdge products are expected to be lower than anticipated, contradicting previous positive statements made by the company about its business and prospects [2]. Group 2: Next Steps for Investors - 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 entitled to compensation without any out-of-pocket costs or fees, ensuring no financial obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky has a strong track record, having secured hundreds of millions of dollars for shareholders and being recognized as one of the top securities litigation firms in the U.S. for seven consecutive years [4].