#United States #New York #Class Action #Securities Fraud #Aehr Test Systems

Aehr Test Systems, Inc. Class Action Lawsuit: What Investors Need to Know

On December 17, 2024, Levi & Korsinsky, LLP announced a class action lawsuit against Aehr Test Systems, Inc. (NASDAQ: AEHR) and is inviting affected investors to join. The lawsuit seeks to recover losses stemming from alleged securities fraud that occurred between January 9, 2024, and March 24, 2024.

Overview of the Class Action

The firm is representing shareholders who may have suffered losses due to substantial delays in Aehr's customer orders, which were not disclosed to investors. The complaint specifically alleges that:
1. Aehr continued to face order delays despite previously claiming otherwise.
2. These delays could significantly impact the company's expected revenue growth negatively.
3. As a result, the business and financial projections provided to investors were misleading.

This lawsuit underscores the importance of transparency in financial disclosures and the potential consequences of misleading claims made by public companies. Investors who believe they have been affected by these issues are encouraged to take action before the upcoming deadlines.

Next Steps for Affected Investors

If you invested in Aehr between the specified dates and incurred a loss, now is the time to act. The deadline to request that the court appoint you as lead plaintiff is February 3, 2025. It's crucial to understand that while serving as a lead plaintiff can have its advantages, it is not a requirement to participate in the case or share in any potential recovery.

Levi & Korsinsky stipulates that participation in the class action will not incur any out-of-pocket costs or fees. Shareholders do not need to pay anything upfront and can move forward without taking on financial risk. The firm's established track record of recovering significant amounts for clients adds an assurance for those considering joining the suit.

Why Choose Levi & Korsinsky?

With over two decades of experience in securities litigation, Levi & Korsinsky has earned a reputation for effectively advocating for investors' rights. The firm boasts a team of over 70 dedicated professionals, all committed to tackling complex cases. Their history includes settlements and verdicts amounting to hundreds of millions of dollars for aggrieved shareholders. For seven successive years, they have been recognized as one of the top securities litigation firms in the United States, according to ISS Securities Class Action Services.

Contact Details

To learn more about your rights or to get involved in the class action, interested investors can reach out to:

• - Joseph E. Levi, Esq.
• - Ed Korsinsky, Esq.
• - Levi & Korsinsky, LLP
• - 33 Whitehall Street, 17th Floor, New York, NY 10004
• - Email: [email protected]
• - Phone: (212) 363-7500

You can also visit their website for additional resources and information.

Conclusion

As the class action progresses, it's vital for affected investors to stay informed and consider their options regarding participation. The upcoming deadline necessitates prompt action to ensure claims are filed timely. The circumstances surrounding the alleged fraud raise significant concerns about the company's integrity, making it essential for investors to examine their involvement in Aehr Test Systems thoroughly and responsibly.