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Investors in Ultra Clean Holdings, Inc. Should Contact Levi & Korsinsky Before May 23, 2025 to Discuss Your Rights – UCTT
Ultra Clean Ultra Clean (US:UCTT) GlobeNewswire News Room·2025-05-22 17:44

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, stating that demand was high while concealing issues such as customer ramp problems and inventory corrections [2]. - Reports indicated that Ultra Clean's revenue had doubled due to elevated demand in China, but this was contradicted by later revelations of "demand softness" and decreased demand due to extended qualification timelines [2]. - Following the release of the fourth quarter and full year 2024 fiscal results on February 24, 2025, Ultra Clean's stock price plummeted from $36.06 to $25.90, marking a decline of over 28% in one day [2]. Group 2: Legal Proceedings and Investor Information - Investors who suffered losses during the specified timeframe have until May 23, 2025, to request appointment as lead plaintiff in the lawsuit [3]. - Participation in the lawsuit does not require any out-of-pocket costs or fees for class members, allowing them to seek compensation without financial obligation [3]. Group 3: Law Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the U.S. [4].