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The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of April 7, 2025 in Monolithic Lawsuit - MPWR
Prnewswireยท 2025-03-03 10:45
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]. Summary by Sections Allegations - The complaint alleges that during the class period from February 8, 2024, to November 8, 2024, Monolithic Power Systems made materially false and misleading statements [1]. - Specific allegations include significant performance and quality control issues with Monolithic's voltage regulator modules and power management integrated circuits [1]. - 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 [1]. Class Action Details - Shareholders who purchased shares of MPWR during the specified class period are encouraged to register for the class action, with a deadline of April 7, 2025, to seek lead plaintiff status [2]. - Participants will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [2]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on 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].