MPS(US:MPWR) Prnewswireยท2025-03-21 23:11Core Viewpoint - A securities class action lawsuit has been filed against Monolithic Power Systems, Inc. for alleged misleading statements and undisclosed risks affecting its business and relationship with Nvidia [1][2]. Group 1: Allegations Against Monolithic - The lawsuit claims that Monolithic's voltage regulator modules and power management integrated circuits faced significant performance and quality control issues [2]. - These defects reportedly impacted the performance of Nvidia products that utilized Monolithic's components [2]. - Monolithic is accused of failing to adequately address known issues affecting its power management solutions supplied to Nvidia [2]. - The relationship between Monolithic and Nvidia is said to have been irreparably damaged due to these performance and quality control problems [2]. - As a result of these issues, Monolithic is exposed to material undisclosed risks that could lead to significant business, financial, and reputational harm [2]. Group 2: Lead Plaintiff Process - Investors in Monolithic have until April 7, 2025, to seek appointment as a lead plaintiff representative of the class [3]. - A lead plaintiff acts on behalf of all class members in directing the litigation and is typically the investor or small group with the largest financial interest [3]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit [3]. Group 3: Law Firm Information - Kessler Topaz Meltzer & Check, LLP is handling the class action and has a reputation for prosecuting class actions globally, recovering billions for victims of corporate misconduct [4]. - The firm encourages Monolithic investors who have suffered losses to contact them for more information [4].