Core Viewpoint - The Micron Technology, Inc. class action lawsuit alleges that the company and its executives made misleading statements regarding product demand and financial performance during the specified class period [1][3][4]. Group 1: Class Action Details - The class action lawsuit is titled Klein v. Micron Technology, Inc., and it allows purchasers of Micron common stock between September 28, 2023, and December 18, 2024, to seek appointment as lead plaintiff [1][5]. - The lawsuit claims that Micron's executives failed to disclose a significant deterioration in demand for its NAND products, leading to overstated recovery claims [3][4]. Group 2: Financial Performance - On December 18, 2024, Micron reported a greater-than-expected revenue decline in NAND flash memory and issued disappointing guidance for the second quarter of fiscal year 2025 [4]. - The guidance included adjusted earnings projected between $1.33 and $1.53 per share, below the $1.92 estimate, and sales expected between $7.7 billion and $8.1 billion, with the midpoint below the $8.99 billion estimate [4]. Group 3: Legal Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Micron common stock during the class period to seek lead plaintiff status, which involves directing the lawsuit on behalf of all class members [5]. - The lead plaintiff can choose a law firm to represent the class, and participation as lead plaintiff does not affect the ability to share in any potential recovery [5]. Group 4: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud cases, having recovered $6.6 billion for investors in class action cases, significantly more than any other firm in the last four years [6]. - The firm has a strong track record, including the largest securities class action recovery in history, amounting to $7.2 billion in the Enron case [6].

Core Viewpoint - The Micron Technology, Inc. class action lawsuit alleges that the company and its executives made misleading statements regarding product demand and financial performance during the specified class period, leading to significant investor losses [3][4]. Company Overview - Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products, including dynamic random access memory (DRAM), NAND, NOR, and high-bandwidth memory semiconductor devices [2]. Allegations of the Lawsuit - The lawsuit claims that during the class period, Micron misrepresented the demand for its products, particularly in consumer markets, and overstated the recovery and sustainability of demand for its NAND products [3]. - On December 18, 2024, Micron reported a greater-than-expected revenue decline in NAND flash memory and issued disappointing guidance for the second quarter of fiscal year 2025, with adjusted earnings projected between $1.33 and $1.53 per share, sales between $7.7 billion and $8.1 billion, and adjusted gross margins between 37.5% and 39.5% [4]. Impact on Stock Price - Following the announcement of disappointing financial results, Micron's stock price fell by more than 16% [4]. Legal Process - Investors who purchased Micron common stock during the class period can seek appointment as lead plaintiff in the class action lawsuit, which allows them to act on behalf of other class members [5]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud cases, having recovered $6.6 billion for investors in securities-related class action cases, and is recognized for securing significant monetary relief for investors [6].

Core Viewpoint - The Micron Technology, Inc. class action lawsuit alleges that the company and its executives made misleading statements regarding product demand and financial performance, leading to significant stock price declines [3][4]. Group 1: Class Action Details - The class action lawsuit is titled Klein v. Micron Technology, Inc., and covers purchasers of Micron common stock from September 28, 2023, to December 18, 2024 [1]. - Investors have until March 10, 2025, to seek appointment as lead plaintiff in the lawsuit [1][5]. - The lawsuit claims that Micron's executives violated the Securities Exchange Act of 1934 [1]. Group 2: Allegations Against Micron - The lawsuit alleges that Micron overstated the demand for its products, particularly in consumer markets and NAND products, which had significantly deteriorated [3]. - It is claimed that Micron failed to disclose the true extent of the decline in demand and the sustainability of its product demand [3]. Group 3: Financial Performance - On December 18, 2024, Micron reported a greater-than-expected revenue decline in NAND flash memory for Q1 of fiscal year 2025 [4]. - The company provided disappointing guidance for Q2 FY2025, with adjusted earnings projected between $1.33 and $1.53 per share, below the $1.92 estimate, and sales expected between $7.7 billion and $8.1 billion, with the midpoint below the $8.99 billion estimate [4]. - Adjusted gross margins were projected between 37.5% and 39.5%, significantly lower than the 41.3% estimate, citing weakness in consumer-oriented markets [4].