Semtech(SMTC) Prnewswire·2025-04-05 23:20Core 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 [1][2]. Group 1: Allegations Against Semtech - The complaint claims that Semtech's CopperEdge products did not meet customer needs, requiring changes in rack architecture [2]. - It is alleged that sales of CopperEdge products would not ramp up as expected during fiscal 2026, leading to lower-than-anticipated sales [2]. - Defendants' positive statements about the company's business and prospects were deemed materially misleading and lacked a reasonable basis due to the undisclosed issues [2]. Group 2: Legal Process for Investors - Semtech investors can seek to be appointed as lead plaintiffs by April 22, 2025, or may choose to remain absent class members [3]. - The lead plaintiff represents all class members in directing the litigation and selects counsel to represent the class [3]. - Participation as a lead plaintiff does not affect the ability to share in any recovery from the lawsuit [3]. Group 3: Firm Information - Kessler Topaz Meltzer & Check, LLP has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [4]. - The firm encourages affected Semtech investors to contact them for more information regarding the case [4].