#United States #New York #Gross Law Firm #class action lawsuit #Monolithic Power Systems

Class Action Lawsuit against Monolithic Power Systems Inc.

On March 17, 2025, the Gross Law Firm issued a critical notice to investors of Monolithic Power Systems Inc., publicly traded under the ticker MPWR on NASDAQ. Shareholders who purchased shares between February 8, 2024, and November 8, 2024, are encouraged to contact the firm promptly regarding potential lead plaintiff appointment in this class action lawsuit.

Allegations Raised

The allegations outlined in the lawsuit are serious. They assert that during the specified class period, Monolithic Power Systems and its executives made materially false and misleading statements. Specifically, it alleges:

• - That the company’s voltage regulator modules and power management integrated circuits suffered from significant performance and quality control issues.
• - These defects adversely affected key products of Monolithic's largest customer, Nvidia, leading to dissatisfaction and operational failures.
• - Monolithic reportedly failed to adequately address the known issues affecting the performance of the power management solutions used by Nvidia.
• - Consequently, the allegations claim that the company's relationship with Nvidia has been irreparably harmed due to these serious product deficiencies.

Registration and Deadlines

The Gross Law Firm has emphasized the importance of timely action for shareholders looking to participate in this class action. The deadline to register for involvement as a lead plaintiff is April 7, 2025. However, being appointed as a lead plaintiff is not necessary to partake in any potential recovery.

Steps to Register

Interested shareholders can quickly register their information through the Gross Law Firm’s designated portal. After registering, they will gain access to a portfolio monitoring system that will keep them updated throughout the case’s lifecycle.

Why Engage with the Gross Law Firm?

The Gross Law Firm has established itself as a reputable class-action law firm with a mission to protect the rights of investors affected by corporate malfeasance. The firm claims it is dedicated to ensuring that companies conduct their business honestly and transparently. Their focus is on representing investors who have encountered losses resulting from misleading statements or omissions that led to an inflated stock price.

Contact Information

For anyone affected or interested in this lawsuit, the Gross Law Firm encourages them to reach out for more details. They can be contacted at their New York office, located at 15 West 38th Street, 12th floor, New York, NY 10018. Alternatively, calls can be made to their phone number at (646) 453-8903.

Conclusion

This class action marks a significant opportunity for investors of Monolithic Power Systems Inc. to initiate claims if they believe they have suffered due to the alleged misinformation from the company. The firm's commitment to transparency and investor rights may provide a path for victims of the alleged misconduct to seek appropriate redress. As always, potential participants are encouraged to understand their legal position before registering.