April 22, 2025 Deadline: Contact Levi & Korsinsky to Join Class Action Suit Against SMTC

Core Viewpoint - Semtech Corporation is facing a class action securities lawsuit due to alleged securities fraud that negatively impacted investors between August 27, 2024, and February 7, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Semtech made false statements regarding its CopperEdge products, which did not meet customer needs, leading to necessary changes in rack architecture [2]. - As a result of these issues, sales of CopperEdge products are expected to be lower than anticipated, affecting the company's performance in fiscal 2026 [2]. - The defendants' positive statements about the company's business and prospects are alleged to be materially misleading and lack a reasonable basis [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until April 22, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the U.S. [4].