GlobeNewswire News Roomยท2025-04-03 19:39Core Viewpoint - A class action lawsuit has been initiated against Monolithic Power Systems, alleging misleading statements and undisclosed quality control issues that have negatively impacted its relationship with Nvidia and its financial performance [3][4][5]. Group 1: Company Overview - Monolithic Power Systems specializes in power management components for electronic systems, with Nvidia Corporation as its largest customer [2]. Group 2: Legal Action - Investors who purchased Monolithic Power Systems securities between February 8, 2024, and November 8, 2024, are eligible to join the class action lawsuit, with a deadline to file a lead plaintiff motion by April 7, 2025 [1]. Group 3: Allegations and Impact - The lawsuit claims that Monolithic Power Systems failed to disclose significant performance and quality control issues with its voltage regulator modules and power management integrated circuits, which adversely affected Nvidia products [3]. - Following the disclosure of a revenue decline in the Enterprise Data segment, Monolithic Power Systems' stock price fell over 17% after missing analysts' estimates [4]. - A subsequent report indicated that Nvidia canceled half of its orders with Monolithic Power Systems and planned to exclude its components from future products due to performance issues, leading to an additional stock price drop of nearly 15% [5].