#USA #New York #Class Action #Gross Law Firm #Ultra Clean Holdings

Shareholder Alert: Ultra Clean Holdings, Inc. (UCTT)

The Gross Law Firm has issued a significant notice for shareholders of Ultra Clean Holdings, Inc., listed on NASDAQ under the ticker UCTT. This announcement relates to a class action lawsuit aimed at protecting investors who purchased shares of Ultra Clean during a specific timeframe. This critical period spans from May 6, 2024, to February 24, 2025.

Background of the Allegations

The allegations center around claims that the company's executives provided shareholders with misleading information regarding the demand for Ultra Clean's products and services, particularly in the Chinese market. Throughout the fiscal year of 2024, it was reported that demand from Chinese original equipment manufacturers (OEMs) was booming, with the company experiencing remarkable revenue growth—reportedly doubling during this period. However, unknown to investors, the company was allegedly facing serious issues regarding customer retention and inventory management, which contradicted their optimistic public statements.

In particular, the lawsuit points out that Ultra Clean executives were aware of significant challenges, such as a customer ramp issue with a key client, along with inventory and demand correction problems. As a direct result, this led to a deterioration in the company's performance in the Chinese market, which was not disclosed to the investors at the time.

On February 24, 2025, after the company announced its fourth-quarter results, it became evident that the projected demand was not as strong as implied. Executives admitted to facing “demand softness” specifically tied to extended qualification timelines and inventory absorption issues. This shocking revelation led to a rapid decline in Ultra Clean's stock price—from $36.06 per share at market close on February 24 to $25.90 by the end of the next day—representing a staggering drop of over 28% in just 24 hours.

Important Deadline for Shareholders

Shareholders who suffer losses under these circumstances are urged to act quickly. The deadline for registration in this class action lawsuit is set for May 23, 2025. Investors are encouraged to visit the Gross Law Firm's designated website to register their information and participate in this case. As a registered participant, shareholders will gain access to portfolio monitoring tools that will keep them informed about the lawsuit's progress.

No fees or financial obligations are tied to enrollment, making it easier for affected investors to join the litigation.

Why Choose the Gross Law Firm?

The Gross Law Firm is a highly regarded class action law firm known for its commitment to protecting investors' rights. With a mission to advocate against corporate malfeasance and ensure accountability in business practices, the firm provides support for individuals affected by unethical corporate behavior. Their team is committed to representing investors who faced losses due to false representations or omissions that impacted stock value.

If you are a shareholder of Ultra Clean Holdings and have experienced financial losses as a result of the company's alleged misleading practices, the Gross Law Firm is ready to assist you in pursuing justice.

For further information or to register, please visit The Gross Law Firm or contact them at 15 West 38th Street, 12th floor, New York, NY 10018, via phone at (646) 453-8903, or email at [email protected].

Conclusion

This class action lawsuit could provide an opportunity for shareholders to reclaim their losses and hold Ultra Clean Holdings accountable for their alleged business misconduct. Be proactive and ensure you register your participation by the looming deadline of May 23, 2025.