Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Monolithic Power Systems due to allegations of false and misleading statements related to product performance and quality control issues, which have led to significant financial losses for investors [2][4]. Group 1: Allegations and Financial Impact - The complaint alleges that Monolithic Power Systems and its executives violated federal securities laws by failing to disclose significant performance and quality control issues with their voltage regulator modules and power management integrated circuits [4]. - These defects negatively impacted the performance of products offered by Nvidia, leading to a damaged relationship between the two companies [4]. - On October 30, 2024, Monolithic Power Systems reported a decline in quarterly revenue for its Enterprise Data segment to $184 million, missing consensus estimates by nearly 13%, resulting in a stock price drop of over 17% [5]. - Following a report on November 11, 2024, indicating that Nvidia canceled half of its orders due to performance issues, Monolithic Power Systems' stock fell nearly 15% [6]. Group 2: Legal Proceedings and Investor Actions - Investors who suffered losses exceeding $50,000 between February 8, 2024, and November 8, 2024, are encouraged to discuss their legal rights and options with Faruqi & Faruqi [1]. - There is an April 7, 2025, deadline for investors to seek the role of lead plaintiff in the federal securities class action against Monolithic Power Systems [2]. - Any member of the putative class can move the court to serve as lead plaintiff or remain an absent class member without affecting their ability to share in any recovery [7].
MPWR Investors Have Opportunity to Lead Monolithic Power Systems Securities Fraud Lawsuit with Faruqi & Faruqi, LLP