Ultra Clean (US:UCTT) GlobeNewswire News Roomยท2025-05-02 00:00Core Viewpoint - A federal securities class action has been filed against Ultra Clean Holdings, Inc. due to undisclosed material information regarding demand from Chinese OEMs during the fiscal year 2024, leading to significant stock price decline [1][3][4]. Company Summary - Ultra Clean Holdings, Inc. experienced a notable decline in stock price, dropping approximately 28% from $36.06 to $25.90 following the announcement of "demand softness" in China on February 24, 2025 [3]. - The company faced decreased demand attributed to extended qualification timelines and inventory absorption in the Chinese market [3]. Legal Action Summary - The law firm Kirby McInerney LLP is notifying investors of a deadline on May 23, 2025, to seek the role of lead plaintiff in the class action lawsuit [1]. - The complaint alleges that Ultra Clean failed to disclose critical information regarding elevated demand from Chinese OEMs and the domestic market throughout fiscal year 2024 [4].