Levi & Korsinsky Reports Class Action Suit Filed Against Ultra Clean Holdings, Inc. and Associated Deadlines

Class Action Lawsuit Notification for Ultra Clean Holdings, Inc.

Levi & Korsinsky, LLP has recently issued a notice to shareholders of Ultra Clean Holdings, Inc. (often referred to as Ultra Clean) regarding a class action lawsuit filed in relation to the company's alleged misleading statements that impacted its investors significantly. The company trades on NASDAQ under the ticker symbol UCTT.

Background of the Lawsuit

The lawsuit aims to reclaim losses for investors who were reportedly affected by what has been classified as securities fraud occurring between May 6, 2024, and February 24, 2025. During this period, Ultra Clean allegedly made false representations to investors regarding the demand for its products, specifically indicating an inflated level of interest from Chinese original equipment manufacturers (OEMs) and within the domestic Chinese market as a whole.

Allegations Made

According to court documents, there were numerous statements made by the executives of Ultra Clean that suggested a surge in demand for their products. This included reports of a doubling of revenue along with no indications of slowing demand within the lucrative Chinese market. Regrettably, these statements were, as per the allegations, made whilst concealing critical facts about the actual performance and state of demand for Ultra Clean's offerings.

In a shocking revelation, it was ultimately disclosed that there were significant demand challenges, notably from one of Ultra Clean's major customers. This resulted in a downward spiral concerning financial performance, including both inventory and demand corrections.

On February 24, 2025, Ultra Clean released its fiscal results for the fourth quarter and the entire fiscal year of 2024 during which executives mentioned