Semtech(US:SMTC) Prnewswireยท2025-03-20 09:45Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Semtech Corporation regarding a class action lawsuit alleging misleading statements and omissions related to the company's CopperEdge products [1][2]. Allegations - The complaint claims that during the class period from August 27, 2024, to February 7, 2025, Semtech's CopperEdge products did not meet customer needs, necessitating changes in rack architecture [1]. - As a result of these issues, sales of CopperEdge products are expected to be lower than anticipated, contradicting previous positive statements made by the company regarding its business and prospects [1]. Class Action Details - Shareholders who purchased shares during the specified class period are encouraged to register for the class action, with a deadline of April 22, 2025, to seek lead plaintiff status [2]. - Participants will be enrolled in a portfolio monitoring system to receive updates throughout the case lifecycle, with no cost or obligation to join [2]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud, aiming to hold companies accountable for misleading practices [3].