Important Legal Notice: Monolithic Power Systems Investors Should Act Before Deadline

Legal Notice for Monolithic Power Investors

In an urgent legal development, a securities class action lawsuit has been initiated against Monolithic Power Systems, Inc. (NASDAQ: MPWR) that could greatly affect investors. This lawsuit pertains to purchasers of Monolithic Power securities during the stipulated Class Period from February 8, 2024, to November 8, 2024. The firm representing the case, Berger Montague, urges affected investors to reach out no later than April 7, 2025, to potentially serve as lead plaintiffs in this important litigation.

Key Context for Investors

Monolithic Power, with its operational headquarters in Kirkland, Washington, is widely recognized for its innovative power management components integral to various electronic systems. Among its clientele, Nvidia Corporation stands out as the leading supplier of Graphics Processing Units (GPUs). However, a shift in business dynamics has raised significant alarms.

In a notable incident dating back to November 11, 2024, Edgewater Research published a disconcerting report indicating that Nvidia had rescinded approximately half of its existing orders with Monolithic Power. This drastic measure stemmed from performance issues cited by Nvidia, which further revealed that they had lost confidence in Monolithic Power's ability to deliver competitive products for their upcoming Blackwell chips, subsequently opting for alternative suppliers.

This unsettling news sent Monolithic Power’s share price tumbling by $114—a steep 15% decrease—falling from $761.30 per share on November 8, 2024, to a close of $647.31 per share just days later. Such volatility poses deep implications for investors holding Monolithic Power securities during the specified period, triggering the launch of the class action lawsuit.

Opportunities for Investors

Investors who purchased Monolithic Power securities within the stated class period are urged to act swiftly. To be considered as lead plaintiffs, individuals must contact Berger Montague before the deadline of April 7, 2025. Being a lead plaintiff allows potential representation of all associated class members, providing an avenue to pursue any financial recovery that could result from the litigation.

As a reminder, contacting legal counsel is not a prerequisite for participating in the suit, and class members can opt to remain inactive if they so choose. Lead plaintiffs are selected based on the financial stakes in the company and their representative qualities, focusing on those who embody the issues shared by the broader class.

About Berger Montague

Established in 1970, Berger Montague has asserted itself as a leader in securities class action litigation, having served a diverse pool of both institutional and private investors across the United States for over fifty years. Their expansive offices, located in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco, and Chicago, signify a robust presence in the legal landscape, ensuring capable representation.

For additional information or to learn how to engage in this legal proceeding, affected investors may reach out to Andrew Abramowitz (Senior Counsel) at [email protected] or by phone at (215) 875-3015. Alternatively, inquiries can also be directed to Peter Hamner at [email protected] .

In conclusion, as the deadline for potential participation looms near, Monolithic Power investors should take note of the unfolding situation and act promptly to protect their interests.