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Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of May 23, 2025 in Ultra Clean Holdings, Inc. Lawsuit – UCTT
UCTTUltra Clean (UCTT) GlobeNewswire News Room·2025-03-27 17:03

Core Viewpoint - A class action securities lawsuit has been filed against Ultra Clean Holdings, Inc. due to alleged securities fraud that affected investors between May 6, 2024, and February 24, 2025 [1][2]. Group 1: Allegations and Company Performance - The lawsuit claims that Ultra Clean misled investors about the demand for its products in the Chinese market, stating that demand was high and revenue was doubling, while concealing issues such as customer ramp problems and inventory corrections [2]. - On February 24, 2025, Ultra Clean reported its fourth quarter and full year 2024 results, revealing "demand softness" in China, which led to a significant drop in stock price from 36.06to36.06 to 25.90, a decline of over 28% in one day [2]. Group 2: Legal Proceedings and Investor Information - Investors who suffered losses during the specified timeframe have until May 23, 2025, to request to be appointed as lead plaintiff in the lawsuit, with no costs required to participate [3]. - The law firm Levi & Korsinsky has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [4].