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MPWR Investor Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Investors of Deadline in Securities Fraud Class Action Lawsuit Filed Against Monolithic Power Systems, Inc. (MPWR)
MPSMPS(US:MPWR) GlobeNewswire News Roomยท2025-03-24 17:47

Core Viewpoint - A securities class action lawsuit has been filed against Monolithic Power Systems, Inc. for alleged misleading statements and undisclosed performance issues related to its products [1][3]. Group 1: Lawsuit Details - The lawsuit is filed in the United States District Court for the Western District of Washington on behalf of investors who purchased Monolithic common stock between February 8, 2024, and November 8, 2024 [1]. - The lead plaintiff deadline for the lawsuit is April 7, 2025 [1][4]. Group 2: Allegations Against Monolithic - The complaint alleges that Monolithic's voltage regulator modules and power management integrated circuits faced significant performance and quality control issues [3]. - These defects reportedly affected the performance of certain products offered by Nvidia, which utilized Monolithic's components [3]. - Monolithic is accused of failing to adequately address known issues impacting the performance of its power management solutions supplied to Nvidia [3]. - The relationship between Monolithic and Nvidia is claimed to have been irreparably damaged due to these performance and quality control problems [3]. - As a result of these issues, Monolithic is said to be exposed to material undisclosed risks that could lead to significant business, financial, and reputational harm [3].