Ultra Clean (US:UCTT) Prnewswireยท2025-05-23 09:45Core 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: Lawsuit Details - The lawsuit claims that Ultra Clean's management provided misleading information regarding the demand for its products in the Chinese market, falsely reporting increased demand and revenue while concealing issues such as customer ramp problems and inventory corrections [2]. - On February 24, 2025, Ultra Clean disclosed "demand softness" in China during its earnings call, leading to a significant stock price drop from $36.06 to $25.90, a decline of over 28% in one day [2]. Group 2: Investor Information - Investors who suffered losses during the specified period have until May 23, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving in this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Legal Representation - 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].