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ULTRA CLEAN ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Ultra Clean Holdings, Inc. and Encourages Investors to Contact the Firm
UCTTUltra Clean (UCTT) GlobeNewswire News Room·2025-03-27 01:00

Core Viewpoint - A class action lawsuit has been filed against Ultra Clean Holdings, Inc. for allegedly making false and misleading statements regarding customer demand and inventory issues during the specified class period [1][3]. Group 1: Lawsuit Details - The lawsuit is filed on behalf of all individuals and entities who purchased Ultra Clean securities between May 6, 2024, and February 24, 2025 [1]. - Investors have until May 23, 2025, to apply to be appointed as lead plaintiff in the lawsuit [1]. Group 2: Allegations Against Ultra Clean - The complaint alleges that Ultra Clean misled investors about customer demand in China [3]. - It is claimed that the company faced significant ramp issues with a critical customer [3]. - The company is also accused of concealing inventory and demand corrections that led to weakness in the Chinese domestic market [3]. - Based on these allegations, the company's public statements are described as false and materially misleading throughout the class period [3].