#United States #New York #Class Action #Gross Law Firm #Semtech Corporation

Semtech Corporation Investors Urged to Join Class Action

As the deadline for potential lead plaintiff appointments approaches, The Gross Law Firm is reaching out to shareholders of Semtech Corporation (NASDAQ: SMTC) regarding a class-action lawsuit. Shareholders who purchased shares during the class period from August 27, 2024, to February 7, 2025, are invited to register their information to become part of this important legal case.

Background and Allegations

The pending lawsuit centers around allegations that Semtech Corporation issued misleading statements about its CopperEdge products. Investors contend that these products fell short of necessary performance standards for their expected applications, leading to a series of complications. According to the claims, the lack of adequate disclosures about these issues resulted in inflated expectations about the company's sales performance.

Specifically, the complaint alleges that:

• - The CopperEdge products were not compatible with the architectural needs of certain customer server racks.
• - Consequently, this mismatch necessitated significant alterations in rack architecture to accommodate the CopperEdge products.
• - Due to these challenges, projected sales growth for the CopperEdge line would not materialize during fiscal 2026.
• - As a result of these shortcomings, sales were ultimately lower than anticipated.
• - Defendants made several positive assertions about Semtech’s operational prospects without a solid basis.

Important Information for Shareholders

The deadline for registering your claim as a lead plaintiff is April 22, 2025. Interested shareholders who participated in the stock market within the designated timeframe are urged to act quickly to secure their involvement in this lawsuit. Those joining the lawsuit will be enrolled in a portfolio monitoring system which will keep them informed of the case's progress.

The Gross Law Firm is dedicated to safeguarding investors' rights and provides an opportunity for potential recovery for those affected by corporate deceit and misleading practices. Notably, shareholders aren't required to be lead plaintiffs to benefit from any recovery resultant from this case.

Why Choose Gross Law Firm?

The Gross Law Firm is distinguished as a nationally recognized class-action law firm, committed to protecting investors against manipulative corporate practices. The firm’s mission is rooted in holding companies accountable and ensuring investors receive rightful reparations in light of misleading information.

Potential claimants can register their interest and obtain more information by visiting the firm’s website. Legal representation can make a significant difference in the outcome of these cases, providing guidance and advocacy based on professional experience in financial securities law.

For inquiries, shareholders can reach out to:

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

In conclusion, shareholders of Semtech Corporation should act promptly to secure their right to participate in this class action lawsuit, which aims to address grievances against misleading corporate communications and protect the interests of the investing community.