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UCTT Stockholders Should Contact Shareholder Rights Law Firm Robbins LLP for Information on How to Lead the Class Action Against Ultra Clean Holdings, Inc.
UCTTUltra Clean (UCTT) GlobeNewswire News Room·2025-04-07 18:28

Group 1 - The core issue involves a class action lawsuit filed against Ultra Clean Holdings, Inc. for allegedly misleading investors about the demand for its products in China during the specified period [1][2]. - The lawsuit claims that Ultra Clean's optimistic reports on growth and earnings potential did not reflect the reality of declining demand due to challenges faced by a major customer, extended qualification timelines, and inventory absorption issues in the semiconductor industry [2][3]. - Following the announcement of "demand softness" in China on February 24, 2025, Ultra Clean's stock price dropped significantly from 36.06to36.06 to 25.90, marking a decline of over 28% [3]. Group 2 - Shareholders interested in participating in the class action must file their papers by May 23, 2025, to serve as lead plaintiffs, representing the interests of other class members [4]. - The law firm Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless the case is won [5].