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

Gross Law Firm Alerts Shareholders on Class Action

The Gross Law Firm has recently announced an important update for shareholders of Ultra Clean Holdings, Inc. (NASDAQ: UCTT), particularly those who acquired shares during the specified class period. This crucial notice highlights the lead plaintiff deadline set for May 23, 2025, urging buyers of UCTT shares to act promptly.

Background on the Lawsuit

The class period defined by the Gross Law Firm spans from May 6, 2024, to February 24, 2025. During this time, the firm asserts that Ultra Clean provided misleading information regarding the demand for its products in the Chinese market, which they later claimed was stronger than reality. The complaints indicate that despite positive reports proclaiming a significant surge in product demand and revenue due to their Chinese operations, the company was concealing serious issues including customer ramp complications and demand corrections that affected performance in the region.

On February 24, 2025, Ultra Clean's fiscal reports and the subsequent earnings call revealed this demand softness in China. The reports indicated a substantial drop in demand and financial disappointment due to a combination of extended qualification processes and inventory management issues. The immediate reaction of the market was severe, with the company's stock plummeting from a closing price of $36.06 per share to $25.90, marking a shocking decline of over 28% in just one day.

Registration and Deadlines

Shareholders who have purchased shares during the outlined class period are strongly encouraged to reach out to the Gross Law Firm for possible lead plaintiff appointments. Even though an appointment is not mandatory for participation in the recovery process, registering is critical to ensure proper representation in this case. Interested holders can register their information online without incurring any costs or obligations.

The impending lead plaintiff deadline means potential plaintiffs should act quickly. By registering, you’ll be enrolled in a portfolio monitoring system that provides continuous updates throughout the lifecycle of this case.

The Gross Law Firm's Commitment

The Gross Law Firm is a renowned legal entity specializing in protecting investor rights. Their goal is to provide justice for individuals adversely affected by deceit and illegal business practices. They remain dedicated to holding companies accountable to equitable business practices and safeguarding shareholder interests. As the sentiment of investors boosts, the Gross Law Firm aims to deliver recovery results to those affected by misleading corporate actions.

For further inquiries, interested shareholders can contact the Gross Law Firm at:

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

As this lawsuit continues to unfold, stakeholders in Ultra Clean Holdings are urged to stay informed and prepared for the next steps in the proceedings. Register today to ensure your voice is part of this significant legal action.