The Gross Law Firm Reminds Ultra Clean Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 23, 2025 – UCTT
Ultra Clean Ultra Clean (US:UCTT) GlobeNewswire News Room·2025-04-23 17:16

Core Viewpoint - The Gross Law Firm is notifying shareholders of Ultra Clean Holdings, Inc. about a potential class action lawsuit due to misleading statements regarding demand for the company's products in China, which led to significant stock price decline [1][3]. Group 1: Allegations and Demand Issues - The allegations state that Ultra Clean's executives provided investors with overly positive information about demand from Chinese OEMs and the domestic market, claiming revenue had doubled without signs of slowing down [3]. - It was revealed that the company faced a "customer ramp issue" and inventory and demand corrections, which contributed to a decline in demand in China [3]. - Following the announcement of "demand softness" in China on February 24, 2025, Ultra Clean's stock price dropped from $36.06 to $25.90, a decline of over 28% in one day [3]. Group 2: Class Action Details - The class period for the potential lawsuit is from May 6, 2024, to February 24, 2025, and shareholders are encouraged to register for participation [3][4]. - The deadline for shareholders to seek lead plaintiff status is May 23, 2025, and there is no cost to participate in the case [4]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [4].