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Levi & Korsinsky 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·2025-05-05 17:47

Core Viewpoint - A class action securities lawsuit has been filed against Ultra Clean Holdings, Inc. due to alleged securities fraud impacting investors between May 6, 2024, and February 24, 2025 [1][2]. Group 1: Allegations and Company Performance - The lawsuit claims that Ultra Clean misled investors about the demand for its products in the Chinese market, falsely reporting increased demand and revenue growth while concealing issues such as customer ramp problems and inventory corrections [2]. - On February 24, 2025, Ultra Clean reported its fourth quarter and full year 2024 results, revealing "demand softness" in China, which led to a significant stock price drop of over 28%, from $36.06 to $25.90 per share in one day [2]. Group 2: Legal Proceedings and Investor Actions - Investors who suffered losses during the specified period have until May 23, 2025, to request appointment as lead plaintiff in the lawsuit, with no costs or obligations to participate [3]. - The law firm Levi & Korsinsky has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [4].