Semtech sued over CopperEdge sales misrepresentation.
PorAinvest
miércoles, 9 de abril de 2025, 8:46 am ET1 min de lectura
SMTC--
The complaint alleges that Semtech failed to disclose that its CopperEdge products did not meet the needs of its server rack customers or end users. This led to the products requiring certain rack architecture changes, resulting in lower-than-expected sales of CopperEdge products in fiscal year 2026. The lawsuit further alleges that Semtech's positive statements about its business, operations, and prospects were materially misleading and lacked a reasonable basis.
Investors who purchased Semtech securities during the specified period are eligible to join the lawsuit. The lead plaintiff deadline to seek appointment is April 22, 2025. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors.
Kessler Topaz Meltzer & Check, LLP encourages Semtech investors who have suffered significant losses to contact the firm directly to acquire more information. The law firm has a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct.
• Semtech securities class action lawsuit filed • Alleges misconduct between August 27, 2024 and February 7, 2025 • Investors who purchased securities may seek to be appointed as lead plaintiff representative • Deadline to seek appointment is April 22, 2025 • Semtech is a semiconductor and digital systems provider • CopperEdge products used in active copper cables • Sales will not ramp up in fiscal year 2026 • Misconduct revealed on February 7, 2025
Semtech Corporation (NASDAQ: SMTC), a leading semiconductor and digital systems provider, is facing a securities fraud class action lawsuit. The lawsuit, filed by the law firm Kessler Topaz Meltzer & Check, LLP, alleges that Semtech made materially false and misleading statements about its business, operations, and prospects between August 27, 2024, and February 7, 2025.The complaint alleges that Semtech failed to disclose that its CopperEdge products did not meet the needs of its server rack customers or end users. This led to the products requiring certain rack architecture changes, resulting in lower-than-expected sales of CopperEdge products in fiscal year 2026. The lawsuit further alleges that Semtech's positive statements about its business, operations, and prospects were materially misleading and lacked a reasonable basis.
Investors who purchased Semtech securities during the specified period are eligible to join the lawsuit. The lead plaintiff deadline to seek appointment is April 22, 2025. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors.
Kessler Topaz Meltzer & Check, LLP encourages Semtech investors who have suffered significant losses to contact the firm directly to acquire more information. The law firm has a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct.
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