MPS(MPWR) Prnewswire·2025-02-06 01:35Core Points - A class action lawsuit has been filed against Monolithic Power Systems Inc. (NASDAQ: MPWR) on behalf of shareholders who purchased stock between February 8, 2024, and November 8, 2024 [1] - The lawsuit alleges that Monolithic misled investors regarding significant performance and quality control issues with its products, particularly affecting its relationship with Nvidia, its most important customer [2] - The stock price of Monolithic fell over 30% from a high of more than 647 per share by the end of the class period due to the revelation of these issues [2] Allegations - Monolithic's voltage regulator modules and power management integrated circuits were reportedly suffering from significant performance and quality control issues [2] - The defects negatively impacted Nvidia's products that utilized Monolithic's components [2] - Monolithic failed to adequately address known issues affecting its power management solutions supplied to Nvidia, leading to irreparable damage to their relationship [2] - The company is exposed to material undisclosed risks of significant business, financial, and reputational harm as a result of these issues [2] Next Steps - Shareholders interested in serving as lead plaintiffs must file papers with the court by April 7, 2025 [3] - Shareholders can remain absent class members and still be eligible for recovery without participating in the case [3] Company Background - Robbins LLP is a recognized leader in shareholder rights litigation, dedicated to helping shareholders recover losses and improve corporate governance since 2002 [4]