MPS(US:MPWR) GlobeNewswire News Room·2025-04-01 23:09Core Viewpoint - A securities class action lawsuit has been filed against Monolithic Power Systems, Inc. for alleged misleading statements and undisclosed risks affecting its business performance and relationship with Nvidia [1][3]. Group 1: Lawsuit Details - The lawsuit is filed in the United States District Court for the Western District of Washington on behalf of investors who purchased Monolithic common stock between February 8, 2024, and November 8, 2024 [1]. - The lead plaintiff deadline for the lawsuit is April 7, 2025 [1][4]. Group 2: Allegations Against Monolithic - The complaint alleges that Monolithic's voltage regulator modules and power management integrated circuits faced significant performance and quality control issues [3]. - These defects reportedly negatively impacted the performance of products offered by Nvidia that utilized Monolithic's components [3]. - Monolithic is accused of failing to adequately address known issues affecting its power management solutions supplied to Nvidia, leading to irreparable damage to their relationship [3]. - As a result of these issues, Monolithic is said to be exposed to material undisclosed risks of significant business, financial, and reputational harm [3]. Group 3: Lead Plaintiff Process - Investors may seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or may choose to remain an absent class member [4]. - The lead plaintiff is typically the investor or small group of investors with the largest financial interest and who are representative of the proposed class [4].