Faruqi & Faruqi Reminds Ultra Clean Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 23, 2025 - UCTT

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Ultra Clean Holdings, Inc. due to allegations of misleading statements regarding demand for its products in the Chinese market, which led to significant stock price declines [2][4]. Group 1: Legal Investigation - Faruqi & Faruqi, LLP is encouraging investors who suffered losses exceeding $50,000 in Ultra Clean between May 6, 2024, and February 24, 2025, to discuss their legal options [1]. - A federal securities class action has been filed against Ultra Clean, with a deadline of May 23, 2025, for investors to seek the role of lead plaintiff [2]. Group 2: Allegations Against Ultra Clean - The complaint alleges that Ultra Clean and its executives violated federal securities laws by making false or misleading statements about the demand for their products in China during fiscal year 2024 [4]. - The company faced a customer ramp issue and inventory and demand corrections, which negatively impacted its performance in the Chinese market [4]. Group 3: Market Reaction - Following the announcement of "demand softness" in China on February 24, 2025, Ultra Clean's stock price dropped from$36.06 to $25.90 per share, a decline of over 28% in one day [5][6].