#USA #Class Action #NVIDIA #Kirkland #Monolithic Power

Investor Alert: Class Action Lawsuit Against Monolithic Power

Investors of Monolithic Power Systems, Inc. (NASDAQ: MPWR) have been given an important notice regarding a class action lawsuit filed on their behalf. This legal action is a result of significant stock volatility linked to disclosures about the company's relationship with Nvidia Corporation.

Details of the Lawsuit

The lawsuit was initiated for individuals who purchased Monolithic Power securities between February 8, 2024, and November 8, 2024. Claims arise from allegations of misleading information concerning the company's performance and its major customer, Nvidia. The lawsuit's deadline for potential lead plaintiffs is set for April 7, 2025.

Background Information

Monolithic Power is a key supplier of power management components widely used in electronic systems. Nvidia, renowned as a leader in GPU production, is reported to be Monolithic Power's largest customer. However, a shocking report published by Edgewater Research on November 11, 2024, revealed that Nvidia had canceled a significant portion—50%—of its existing orders with Monolithic Power, citing performance issues. This revelation came as a major blow to Monolithic Power's stability and investor confidence.

In light of this news, Monolithic Power's shares experienced a drastic drop, plummeting from a closing price of $761.30 per share to $647.31 per share, reflecting a staggering decline of 15%. Such financial repercussions not only illustrate the market's immediate response but also raise concerns regarding the company's ongoing business relationships.

Implications for Investors

The class action lawsuit is particularly pivotal as it aims to gather investors who were impacted by this critical loss of confidence and business with Nvidia. Those linked to the suit can join efforts to hold Monolithic Power accountable for any perceived negligence in disclosing important business information that ultimately affected share prices.

Potential lead plaintiffs are encouraged to act quickly, as securing such a position can significantly influence the course of the lawsuit. Lead plaintiffs typically hold the largest interests financially and guide the litigation process while selecting suitable attorneys to represent the class.

Participating in the Class Action

Investors wishing to participate can reach out to Berger Montague, the law firm representing the class action. Those interested do not need to communicate with attorneys to be part of the recovery from this case; simply opting into the class is often sufficient for involvement. Berger Montague has a long-standing history in securities litigation, with over five decades dedicated to protecting investor rights.

Contact for Further Information

Investors seeking more information regarding this class action lawsuit can contact:

• - Andrew Abramowitz, Senior Counsel - [email protected] (215) 875-3015
• - Peter Hamner - [email protected]

The law firm Berger Montague has offices spanning several major cities, including Philadelphia and San Francisco, ensuring broad accessibility for affected investors throughout the United States.

As the case progresses, the outcomes may set precedents for how transparency and corporate communications are handled within the tech sector, especially regarding relationships with mega-clients like Nvidia. Investors and stakeholders in Monolithic Power are advised to stay informed and consider participating in the class action as the litigation unfolds.