Shareholders that lost money on Ultra Clean Holdings, Inc.(UCTT) should contact The Gross Law Firm about pending Class Action - UCTT

Core Viewpoint - The article discusses a class action lawsuit against Ultra Clean Holdings, Inc. (NASDAQ: UCTT) due to allegations of misleading statements regarding demand for its products in the Chinese market, leading to significant stock price decline [2][3]. Group 1: Allegations and Impact - The lawsuit claims that Ultra Clean's executives provided investors with overly positive information about demand from Chinese OEMs and the domestic market, including reports of revenue doubling without signs of slowing down [2]. - It is alleged that while making these positive statements, the company concealed material adverse facts, such as facing a customer ramp issue and inventory and demand corrections, which ultimately led to weakness in demand in China [2]. - Following the release of the fourth quarter and full year 2024 fiscal results on February 24, 2025, the company acknowledged "demand softness" in China, resulting in a dramatic stock price drop from $36.06 to $25.90 per share, a decline of over 28% in one day [2]. Group 2: Class Action Details - Shareholders who purchased UCTT shares between May 6, 2024, and February 24, 2025, are encouraged to register for the class action, with a deadline of May 23, 2025, to seek lead plaintiff status [3]. - Registered shareholders will receive updates through portfolio monitoring software regarding the case's progress, and participation in the case incurs no cost or obligation [3]. Group 3: Law Firm Background - The Gross Law Firm, which is leading the class action, is recognized for protecting investors' rights against deceit and fraud, aiming to ensure companies adhere to responsible business practices [4].