Micron Technology(MU) Prnewswire·2025-02-21 21:15Core Viewpoint - A securities class action lawsuit has been filed against Micron Technology, Inc. for allegedly making materially false and misleading statements regarding its business and operations during the specified Class Period from September 28, 2023, to December 18, 2024 [1][2]. Group 1: Allegations Against Micron - The lawsuit claims that demand for Micron's products, particularly NAND products, significantly deteriorated, which was not disclosed by the company [2]. - It is alleged that Micron overstated the recovery of demand for its products and the normalization of inventory levels, leading to misleading public statements [2]. - The complaint asserts that these misrepresentations rendered the company's public statements materially false and misleading throughout the Class Period [2]. Group 2: Lead Plaintiff Process - Investors in Micron can seek to be appointed as lead plaintiff representatives by March 10, 2025, or choose to remain absent class members [3]. - The lead plaintiff will represent the interests of all class members and select counsel to direct the litigation [3]. - Participation as a lead plaintiff does not affect the ability of investors to share in any recovery from the lawsuit [3]. Group 3: Firm Information - Kessler Topaz Meltzer & Check, LLP is the law firm handling the class action and has a reputation for prosecuting class actions and recovering significant amounts for victims of corporate misconduct [4]. - The firm encourages Micron investors who have suffered losses to contact them for more information [4].