Semtech(US:SMTC) Prnewswireยท2025-03-31 22:38Core Viewpoint - Securities class action lawsuits have been filed against Semtech Corporation for allegedly making materially false and misleading statements regarding its business operations and product performance during the specified Class Period from August 27, 2024, to February 7, 2025 [1][2]. Group 1: Allegations Against Semtech - The complaint claims that Semtech's CopperEdge products did not meet the needs of its server rack customers or end users [2]. - It is alleged that the CopperEdge products required changes in rack architecture, which were not disclosed to investors [2]. - As a result of these issues, Semtech's sales of CopperEdge products are expected to be lower than anticipated, contradicting previous positive statements made by the company [2]. Group 2: Legal Process for Investors - Semtech investors have until April 22, 2025, to seek appointment as a lead plaintiff representative in the class action [3]. - A lead plaintiff is typically the investor or small group of investors with the largest financial interest in the case [3]. - Investors can choose to participate actively or remain as absent class members without affecting their ability to share in any recovery [3]. Group 3: Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [4]. - The firm encourages affected Semtech investors to contact them for more information regarding the lawsuits [4].