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RADNOR, PA–(NewMediaWire)–January 4, 2025–The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) has joined Wolfspeed (NYSE:) Inc. Notifies investors that securities class action has been filed. (Wolfspeed) (NYSE: WOLF ) for those who purchased or on behalf of Wolfspeed Securities purchased between August 16, 2023, and November 6, 2024, inclusive (Part Time). The lead plaintiff deadline is January 17, 2025.
Contact and verify Kessler Topaz Melzer, LLP:
If you have a Wolfspeed bankruptcy, you can click here or go to https://www.ktmc.com/new-cases/wolfspeed-inc?utm_source=PR&utm_medium=link&utm_campaign=wolf&mktm=r
Also attorney Jonathan Nagy, Esq. Call (484) 270-1453 or email info@ktmc.com.
Accused of misconduct:
The Complaint alleges that, during the Class Period, Defendants made false and/or misleading statements and/or failed to disclose: (1) Wolfspeeds hopes to increase its Mohawk Valley manufacturing facility and Wolfspeeds’ overall 200mm wafer needs; The market for electronic vehicles fell short of reality; and (2) Wolfspeed overstated its demand for its key product and placed undue reliance on alleged design wins, when growth at the Mohawk Valley facilities began ramping up before realizing that only 20% of its $100 million in revenue per quarter was being utilized. It is estimated that only the promised $2 billion revenue can be achieved by the institution.
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Lead Plaintiff Procedure:
Wolfspeed Investors may, no later than January 17, 2025, choose to appoint through Kessler Topaz Meltzer & Check, LLP or other counsel as the class lead plaintiff representative, or choose to do nothing and remain a member of the absent class. A lead plaintiff is the representative party who leads the litigation on behalf of all class members. The lead plaintiff is usually the investor or a small group of investors with the largest financial interest and who are also sufficient and typical of the target investor class. The lead plaintiff selects counsel to represent the lead plaintiff and the class, and these attorneys are either lead or class counsel if approved by the court. Your ability to participate in any recovery will not affect the decision to serve as lead plaintiff or not.
Kessler Topaz Meltzer & Check, LLP encourages Wolfspeed investors who have suffered significant losses to contact the firm directly for additional information.
About KESSLER Topaz Meltzer & Czech, LLP:
Kessler Topaz Meltzer & Check, LLP litigates class actions in state and federal courts across the country and around the world. The firm has developed an international reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate wrongdoing. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, defamation, misconduct and negligence by businesses and fiduciaries. The complaints in this action were not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
Contact:
Kessler Topaz Meltzer & Check, LLP
Jonathan Nagy, Esq.
(484) 270-1453
280 King of Prussia road
Radnor, PA 19087
info@ktmc.com
In some jurisdictions it may be considered a lawyer’s notice. Past results do not guarantee future results.
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