Core Viewpoint - A securities class action lawsuit has been filed against Monolithic Power Systems, Inc. for alleged misleading statements and undisclosed performance issues affecting its products, particularly those supplied to Nvidia [1][2]. Allegations Against Monolithic - The lawsuit claims that Monolithic's voltage regulator modules and power management integrated circuits experienced significant performance and quality control issues [2]. - These defects reportedly impacted the performance of certain Nvidia products that utilized Monolithic's components [2]. - Monolithic is accused of failing to adequately address known issues affecting its power management solutions supplied to Nvidia [2]. - The relationship between Monolithic and Nvidia is said to have been irreparably damaged due to these performance and quality control problems [2]. - As a result of these issues, Monolithic is alleged to be exposed to material undisclosed risks that could lead to significant business, financial, and reputational harm [2]. Lead Plaintiff Process - Investors in Monolithic have until April 7, 2025, to seek appointment as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel [3]. - A lead plaintiff acts on behalf of all class members in directing the litigation and is typically the investor or small group of investors with the largest financial interest [3]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit [3].
NASDAQ: MPWR Investor Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Investors of Deadline in Securities Fraud Class Action Lawsuit Filed Against Monolithic Power Systems, Inc.