Ultra Clean (UCTT) GlobeNewswire News Room·2025-04-26 14:34Core 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 following the company's earnings report [4][6][8]. Group 1: Legal Investigation - Faruqi & Faruqi is encouraging investors who suffered losses in Ultra Clean between May 6, 2024, and February 24, 2025, to discuss their legal options [1][4]. - 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 [4][9]. - The firm has a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [5]. 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 its products in China during fiscal year 2024 [6]. - The company faced a customer ramp issue and inventory and demand corrections, which were not disclosed, leading to a misrepresentation of the true state of demand [6]. Group 3: Market Reaction - On February 24, 2025, Ultra Clean reported "demand softness" in China, which was attributed to extended qualification timelines and inventory absorption [7]. - Following this announcement, Ultra Clean's stock price plummeted from 25.90 per share, a decline of over 28% in one day [8].