Core Viewpoint - A class action lawsuit has been initiated against Ultra Clean Holdings, Inc. due to alleged misrepresentation of demand for its products in the Chinese market, leading to significant stock price decline following the release of disappointing fiscal results for 2024 [1][2][3]. Group 1: Lawsuit Details - The lawsuit, Ofir Schweiger v. Ultra Clean Holdings, Inc., was filed in the United States District Court for the Northern District of California, targeting investors who acquired Ultra Clean securities between May 6, 2024, and February 24, 2025 [1]. - Investors are encouraged to seek information regarding the lawsuit and their rights, with a deadline of May 23, 2025, to request lead plaintiff status [4]. Group 2: Company Performance and Market Conditions - Ultra Clean faced "demand softness" in China, attributed to extended qualification timelines and inventory absorption, which was not disclosed to investors prior to the earnings call [2][3]. - Following the announcement of these issues on February 24, 2025, Ultra Clean's stock price plummeted from $36.06 to $25.90, marking a decline of over 28% in one day [3].
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors It Has Filed a Complaint to Recover Losses Suffered by Purchasers of Ultra Clean Holdings, Inc. Securities and Sets a Lead Plaintiff Deadline of May 23, 2025