Semtech(US:SMTC) Prnewswireยท2025-04-01 09:45Core Viewpoint - A class action securities lawsuit has been filed against Semtech Corporation, alleging securities fraud that affected investors between August 27, 2024, and February 7, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Semtech's CopperEdge products did not meet the requirements of its server rack customers or end users [2]. - It is alleged that the CopperEdge products necessitated changes in rack architecture, which would hinder sales growth during fiscal 2026 [2]. - The complaint states that due to these issues, sales of CopperEdge products would be lower than expected, and the company's positive statements regarding its business and prospects were misleading [2]. Group 2: Legal Process and Participation - 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 role [3]. - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing significant settlements for shareholders and is recognized as one of the top securities litigation firms in the United States [4].