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Monolithic Power Systems Inc. (MPWR) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
MPWRMPS(MPWR) Prnewswire·2025-02-18 17:00

Core Viewpoint - Investors in Monolithic Power Systems Inc. have the opportunity to lead a securities fraud class action lawsuit due to undisclosed performance and quality control issues affecting the company's products [1][2]. Summary by Relevant Sections Lawsuit Details - The lawsuit alleges that from February 8, 2024, to November 8, 2024, Monolithic failed to disclose significant performance and quality control issues with its voltage regulator modules and power management integrated circuits [2]. - The defects reportedly impacted the performance of products offered by Nvidia, Monolithic's most important customer [2]. - Monolithic's relationship with Nvidia has been described as irreparably damaged due to these issues, which were not adequately addressed by the company [2]. - Positive statements made by the company regarding its business and prospects were claimed to be materially misleading and lacked a reasonable basis during the relevant period [2]. Participation Information - Investors who suffered losses related to Monolithic Power Systems Inc. are encouraged to participate in the ongoing securities fraud lawsuit before the lead plaintiff deadline of April 7, 2025 [2]. - Interested parties can contact the Law Offices of Frank R. Cruz for more information regarding participation in the class action [3][4].