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UCTT INVESTORS: Kirby McInerney LLP Reminds Ultra Clean Holdings, Inc. Investors of Important Deadline and Encourages Investors to Contact the Firm
UCTTUltra Clean (UCTT) GlobeNewswire News Room·2025-04-11 00:00

Core Viewpoint - A class action lawsuit has been filed against Ultra Clean Holdings, Inc. for failing to disclose material information regarding demand from Chinese OEMs during the fiscal year 2024, leading to significant stock price decline [1][3][4]. Group 1: Lawsuit Details - The class action lawsuit is filed in the U.S. District Court for the Northern District of California on behalf of investors who acquired Ultra Clean securities from May 6, 2024, to February 24, 2025 [1]. - Investors have until May 23, 2025, to apply to be appointed as lead plaintiff in the lawsuit [1]. Group 2: Financial Performance and Market Reaction - On February 24, 2025, Ultra Clean reported its fourth quarter and full year 2024 fiscal results, indicating "demand softness" in China due to extended qualification timelines and inventory absorption [3]. - Following the announcement, Ultra Clean's share price dropped by 10.16,approximately2810.16, approximately 28%, from 36.06 to $25.90 on February 25, 2025 [3]. Group 3: Allegations Against the Company - The complaint alleges that Ultra Clean failed to disclose elevated demand from Chinese OEMs and the domestic market for its products throughout fiscal year 2024 [4].