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The Gross Law Firm Notifies Skyworks Solutions, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - SWKS
Prnewswire· 2025-03-31 09:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Skyworks Solutions, Inc. regarding a class action lawsuit due to alleged misleading statements about the company's expected revenue for fiscal year 2025, which led to a significant drop in stock price after disappointing financial results were announced [1]. Group 1: Allegations and Financial Impact - The allegations state that defendants provided investors with material information about Skyworks' expected revenue, expressing confidence in the company's ability to grow its mobile business and diversify its offerings [1]. - On February 5, 2025, Skyworks announced lower-than-expected revenue guidance for Q2 of fiscal year 2025, attributing this to an intensified competitive landscape [1]. - Following the announcement, Skyworks' stock price plummeted from $87.08 per share to $65.60 per share on February 6, 2025, marking a decline of over 24% in one day [1]. Group 2: Class Action Details - The class period for the lawsuit is defined as July 30, 2024, to February 5, 2025, and shareholders are encouraged to register for participation [2]. - The deadline for shareholders to seek lead plaintiff status is May 5, 2025, and there is no cost or obligation to participate in the case [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [2]. Group 3: Law Firm's Mission - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit, fraud, and illegal business practices [3]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements or omissions that artificially inflated stock prices [3].
The Gross Law Firm Notifies Shareholders of Atkore Inc.(ATKR) of a Class Action Lawsuit and an Upcoming Deadline
Prnewswire· 2025-03-31 09:45
Core Viewpoint - Atkore Inc. is facing a class action lawsuit due to allegations of engaging in an anticompetitive price-fixing scheme that inflated the price of PVC Pipes, leading to significant financial benefits that were unsustainable [1] Summary by Sections Allegations - The complaint claims that Atkore issued materially false and misleading statements and failed to disclose its involvement in a price-fixing scheme for PVC Pipes [1] - The scheme allegedly resulted in artificially inflated prices, which were unsustainable and negatively impacted Atkore's business and operations once exposed [1] - As a result of the exposure, the price of PVC Pipes decreased substantially, contradicting the positive statements made by the company regarding its business prospects [1] Class Action Details - The class period for the lawsuit is from August 2, 2022, to February 3, 2025, and shareholders who purchased shares during this time are encouraged to register for participation [1][2] - The deadline for shareholders to seek lead plaintiff status is April 23, 2025, and there is no cost or obligation to participate in the case [2] Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and illegal business practices [3] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3]
Contact The Gross Law Firm by May 5, 2025 Deadline to Join Class Action Against AppLovin Corporation(APP)
Prnewswire· 2025-03-31 09:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of AppLovin Corporation regarding a class action lawsuit due to alleged misleading statements about the company's financial growth and advertising practices [1][2]. Summary by Sections Class Action Details - The class period for the lawsuit is from May 10, 2023, to February 25, 2025 [2]. - Allegations include that AppLovin provided investors with false information about its financial stability and growth, particularly regarding its AXON 2.0 digital ad platform and the use of AI technologies [2]. - The lawsuit claims that AppLovin engaged in dishonest advertising practices, including reverse engineering advertising data from Meta Platforms and manipulating ad metrics to inflate performance figures [2]. Stock Price Impact - Following the revelation of these practices on February 26, 2025, AppLovin's stock price dropped from $377.06 per share to $331.00 per share, reflecting a significant decline in investor confidence [2]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by May 5, 2025, to participate in potential recovery efforts [3]. - Registered shareholders will receive updates through a portfolio monitoring system [3]. Law Firm Background - The Gross Law Firm is recognized for its commitment to protecting investors' rights and ensuring companies adhere to ethical business practices [4].
Investors in Elastic N.V. Should Contact The Gross Law Firm Before April 14, 2025 to Discuss Your Rights - ESTC
Prnewswire· 2025-03-31 09:45
NEW YORK, March 31, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Elastic N.V. (NYSE: ESTC). Shareholders who purchased shares of ESTC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/elastic-n-v-loss-submission-form/?id=139400&from=4 CLASS PERIOD: May 31, 2024 to August 29 ...
Contact The Gross Law Firm by April 1, 2025 Deadline to Join Class Action Against Newmont Corporation(NEM)
Prnewswire· 2025-03-31 09:45
NEW YORK, March 31, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Newmont Corporation (NYSE: NEM). Shareholders who purchased shares of NEM during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CLASS PERIOD: February 22, 2024 to October 23, 2024 ALLEGATIONS: According to the complaint, on October 23, 2024, Newmont published a press rele ...
Shareholders that lost money on Monolithic Power Systems Inc.(MPWR) should contact The Gross Law Firm about pending Class Action - MPWR
Prnewswire· 2025-03-31 09:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Monolithic Power Systems Inc. regarding a class action lawsuit due to alleged misleading statements and quality control issues affecting the company's products [1][2]. Group 1: Allegations and Issues - The class period for the allegations is from February 8, 2024, to November 8, 2024 [2]. - Allegations include that Monolithic's voltage regulator modules and power management integrated circuits experienced significant performance and quality control issues [2]. - These defects reportedly impacted the performance of products from Monolithic's largest customer, Nvidia, and the relationship between Monolithic and Nvidia has been irreparably damaged [2]. Group 2: Shareholder Actions - Shareholders are encouraged to register for the class action lawsuit by April 7, 2025, to potentially become lead plaintiffs [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's status [3]. Group 3: Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and seeks recovery for those who suffered losses due to misleading statements or omissions by companies [4].
Contact The Gross Law Firm by May 5, 2025 Deadline to Join Class Action Against Ready Capital Corporation(RC)
Prnewswire· 2025-03-31 09:45
NEW YORK, March 31, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Ready Capital Corporation (NYSE: RC). Shareholders who purchased shares of RC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/ready-capital-corporation-loss-submission-form/?id=139417&from=4 CLASS PERIOD: No ...
Newmont Corporation Sued for Securities Law Violations - Contact The Gross Law Firm Before April 1, 2025 to Discuss Your Rights - NEM
Prnewswire· 2025-03-27 09:45
NEW YORK, March 27, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Newmont Corporation (NYSE: NEM).Shareholders who purchased shares of NEM during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/newmont-corporation-loss-submission-form/?id=138812&from=4CLASS PERIOD: February 22, 202 ...
The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of May 23, 2025 in Ultra Clean Holdings, Inc. Lawsuit - UCTT
Prnewswire· 2025-03-27 09:45
Core Viewpoint - The article discusses a class action lawsuit against Ultra Clean Holdings, Inc. (NASDAQ: UCTT) due to allegations of misleading statements regarding demand for its products in the Chinese market, leading to significant stock price decline following the revelation of "demand softness" [2][3]. Group 1: Allegations and Impact - The lawsuit alleges that Ultra Clean's executives provided investors with overly positive information about demand from Chinese OEMs and the domestic market, claiming increased revenue and demand without disclosing material adverse facts [2]. - On February 24, 2025, Ultra Clean reported fourth quarter and full year 2024 results, revealing "demand softness" in China, which led to a dramatic stock price drop from $36.06 to $25.90, a decline of over 28% in one day [2]. Group 2: Class Action Details - The class period for the lawsuit is defined as May 6, 2024, to February 24, 2025, and shareholders are encouraged to register for potential lead plaintiff appointment [2][3]. - The deadline for shareholders to seek lead plaintiff status is May 23, 2025, and there is no cost or obligation to participate in the case [3]. Group 3: Firm's Mission - The Gross Law Firm aims to protect investors' rights and seeks recovery for those who suffered losses due to deceitful practices and misleading statements by companies [4].
Investors who lost money on AppLovin Corporation(APP) should contact The Gross Law Firm about pending Class Action - APP
Prnewswire· 2025-03-27 09:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of AppLovin Corporation regarding a class action lawsuit due to alleged misleading statements about the company's financial growth and advertising practices [1][2]. Group 1: Allegations and Financial Impact - The class period for the lawsuit is from May 10, 2023, to February 25, 2025, during which AppLovin allegedly provided investors with misleading information about its financial stability and growth [2]. - The complaint claims that AppLovin's executives expressed confidence in the launch of its AXON 2.0 digital ad platform and the use of advanced AI technologies, while engaging in dishonest advertising practices [2]. - Following the revelation of these practices on February 26, 2025, AppLovin's stock price fell from $377.06 to $331.00 per share, indicating a significant loss for investors [2]. Group 2: Next Steps for Shareholders - Shareholders are encouraged to register for the class action lawsuit by May 5, 2025, to potentially become lead plaintiffs and to receive updates on the case [3]. - There is no cost or obligation for shareholders to participate in the lawsuit, and they will be enrolled in a portfolio monitoring system for status updates [3]. Group 3: Law Firm's Commitment - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4].