#USA #New York #Gross Law Firm #Shareholder Rights #Semtech Corporation

Important Notice for Semtech Corporation Shareholders

Shareholders of Semtech Corporation, traded under NASDAQ ticker SMTC, are being urged to reach out to The Gross Law Firm regarding their potential rights in connection with alleged misleading statements made by the company. This informative notice is crucial for all shareholders who acquired shares of Semtech during the specified class period, which runs from August 27, 2024, to February 7, 2025.

Understanding the Class Period

The Gross Law Firm has highlighted an important window for shareholders to act. If you purchased shares of SMTC within the aforementioned timeframe, the firm is actively seeking to discuss your eligibility for being appointed as a lead plaintiff in a pending case. It's important to note that registering as a lead plaintiff is not a necessity to participate in any resulting recovery from this process.

Allegations Against Semtech

The core of the allegations outlined in the legal complaint centers on claims that Semtech’s CopperEdge products failed to fulfill the requirements of their server rack clients, leading to significant operational deficiencies. Specifically, the allegations state that:

1. The CopperEdge products did not adequately meet customer needs.
2. Essential architectural changes were necessary, impacting sales projections.
3. Due to these issues, expected sales ramp-up for fiscal 2026 would not occur.
4. Overall sales of the CopperEdge products would fall short of expectations.
5. Consequently, prior optimistic statements from the company about its operations were misleading and lacked a factual basis.

These claims suggest that investors may have incurred losses based on information that did not align with the actual performance or disclosure of the company’s products and business direction.

Deadline and Next Steps

Importantly, the cut-off date for shareholders to register is April 22, 2025. Shareholders are strongly encouraged to act swiftly—registration is essential to facilitate monitoring of the case’s progress, which will keep you informed through updates throughout its duration. You can find the registration form here.

Why Choose The Gross Law Firm?

The Gross Law Firm has established itself as a reputable national class action law firm, dedicated to protecting investors' rights against fraudulent practices. They advocate for responsible business conduct and are committed to recovering losses for investors affected by misleading company information. This firm stands as a partner for shareholders who have experienced financial setbacks due to corporate misrepresentation elements.

For further inquiries or assistance, shareholders can reach out to The Gross Law Firm based in New York:

• - Address: 15 West 38th Street, 12th Floor, New York, NY, 10018
• - Email: info@grosslawfirm.com
• - Phone: (646) 453-8903

Stay informed and engaged as the legal landscape for Semtech Corporation continues to evolve. Protect your rights and consider your options as an investor in this pivotal time.

Please note, participation in the proceedings carries no out-of-pocket expenses or obligations on your part.