Gross Law Firm Alerts Investors of Upcoming Class Action for Micron Technology Shareholders
Gross Law Firm Notifies Micron Technology, Inc. Shareholders
On January 27, 2025, the Gross Law Firm issued a notice concerning a class action lawsuit aimed at Micron Technology, Inc. (NASDAQ: MU). Shareholders who purchased shares during a specific class period are encouraged to seek information regarding their rights and possible remedies.
Key Details of the Class Action
The class period for this lawsuit spans from September 28, 2023, to December 18, 2024. Investors are urged to register as potential claimants by providing their information through the Gross Law Firm's online portal. Notably, participating in this class action does not necessitate an appointment as a lead plaintiff.
Allegations Against Micron Technology
The lawsuit alleges that Micron made materially false or misleading statements during the class period. Specifically, the claim asserts that:
1. The company misrepresented the demand for its products in consumer markets, particularly regarding its NAND products.
2. There was an overstatement in the anticipated recovery of product demand and an inaccurate portrayal of the inventory's normalization status.
3. As a direct result of these inaccuracies, Micron's public statements were misleading and did not accurately represent the company's condition to investors.
Upcoming Deadlines and Next Steps
Investors must act without delay to register for participation in this class action lawsuit as the deadline for potential lead plaintiffs is set for March 10, 2025. Interested shareholders can submit their information to be included in the monitoring software that will keep them informed of case developments.
Rationale Behind the Gross Law Firm's Involvement
The Gross Law Firm is recognized nationally for its commitment to investor rights, particularly regarding issues of deceit, fraud, and misconduct in business practices. The firm focuses on ensuring responsible operations within corporations and aiming to secure compensation for investors harmed by misleading practices.
Contact Information
For shareholders interested in pursuing this matter further or seeking representation in the class action, contact details are provided:
- - Address: The Gross Law Firm, 15 West 38th Street, 12th Floor, New York, NY, 10018
- - Email: info@grosslawfirm.com
- - Phone: (646) 453-8903
Conclusion
As this situation unfolds, Micron Technology, Inc. investors are urged to stay vigilant and proactive about their rights. With the deadline approaching, timely registration could be crucial for those looking to recover losses incurred during the alleged misleading period.
Topics Financial Services & Investing）
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