Ultra Clean (US:UCTT) Prnewswireยท2025-03-27 09:45Core Viewpoint - The article discusses a class action lawsuit against Ultra Clean Holdings, Inc. (NASDAQ: UCTT) due to allegations of misleading statements regarding demand for its products in the Chinese market, leading to significant stock price decline following the revelation of "demand softness" [2][3]. Group 1: Allegations and Impact - The lawsuit alleges that Ultra Clean's executives provided investors with overly positive information about demand from Chinese OEMs and the domestic market, claiming increased revenue and demand without disclosing material adverse facts [2]. - On February 24, 2025, Ultra Clean reported fourth quarter and full year 2024 results, revealing "demand softness" in China, which led to a dramatic stock price drop from $36.06 to $25.90, a decline of over 28% in one day [2]. Group 2: Class Action Details - The class period for the lawsuit is defined as May 6, 2024, to February 24, 2025, and shareholders are encouraged to register for potential lead plaintiff appointment [2][3]. - The deadline for shareholders to seek lead plaintiff status is May 23, 2025, and there is no cost or obligation to participate in the case [3]. Group 3: Firm's Mission - The Gross Law Firm aims to protect investors' rights and seeks recovery for those who suffered losses due to deceitful practices and misleading statements by companies [4].