Core Viewpoint - A class action lawsuit has been filed against Ultra Clean Holdings, Inc. for allegedly making false or misleading statements regarding its market demand and financial performance during the specified class period [3][4]. Group 1: Class Action Details - The class action represents investors who purchased Ultra Clean securities between May 6, 2024, and February 24, 2025 [1]. - Investors have until May 23, 2025, to file a lead plaintiff motion [1]. Group 2: Allegations Against Ultra Clean - The lawsuit claims that Ultra Clean and its executives misrepresented the demand for the company's products in the domestic Chinese market [3]. - It is alleged that the optimistic reports on growth and earnings potential did not reflect the actual weakening demand due to issues with a major customer, extended qualification timelines, and inventory absorption [3]. Group 3: Financial Impact - On February 24, 2025, Ultra Clean disclosed "demand softness" in China, leading to a stock price drop of over 28% following the announcement of its fourth quarter and full year 2024 financial results [4].
Ultra Clean Holdings, Inc. Investors: Please contact the Portnoy Law Firm to recover your losses. May 23, 2025 Deadline to file Lead Plaintiff Motion