SMTC Investors Have Opportunity to Lead Semtech Corporation Securities Fraud Lawsuit with the Schall Law Firm

Core Viewpoint - A class action lawsuit has been filed against Semtech Corporation for alleged violations of securities laws, specifically related to misleading statements about the company's product performance and sales expectations [1][4]. Group 1: Lawsuit Details - The lawsuit pertains to violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 [1]. - Investors who purchased Semtech's securities between August 27, 2024, and February 7, 2025, are encouraged to participate in the lawsuit [2]. - The class has not yet been certified, meaning potential participants are not currently represented by an attorney [3]. Group 2: Allegations Against Semtech - The complaint alleges that Semtech made false and misleading statements regarding its CopperEdge product line, which did not meet customer needs [4]. - Due to necessary architectural changes to the CopperEdge products, sales were expected to decline in fiscal 2026, contradicting previous public statements [4]. - The revelation of these issues led to investor losses when the truth about Semtech's product performance became known [4].