MU INVESTOR NOTICE: Micron Technology, Inc. Investors with Substantial Losses Have Opportunity to Lead Securities Class Action Lawsuit

Core Viewpoint - The Micron Technology, Inc. class action lawsuit alleges that the company and its executives made misleading statements regarding product demand and financial performance, leading to significant stock price declines following disappointing financial results [3][4]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Klein v. Micron Technology, Inc., and covers purchasers of Micron common stock from September 28, 2023, to December 18, 2024 [1]. - Investors have until March 10, 2025, to seek appointment as lead plaintiff in the lawsuit [1]. - The lawsuit claims that Micron's executives failed to disclose a significant deterioration in demand for its NAND products, leading to overstated recovery claims [3]. Group 2: Financial Performance and Impact - On December 18, 2024, Micron reported a greater-than-expected revenue decline in NAND flash memory and issued disappointing guidance for Q2 FY2025 [4]. - The guidance included adjusted earnings projected between $1.33 and$1.53 per share, below the $1.92 estimate, and sales expected between$7.7 billion and $8.1 billion, with the midpoint below the$8.99 billion estimate [4]. - Following the announcement, Micron's stock price fell by more than 16% [4]. Group 3: Legal Process and Representation - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Micron stock during the class period to seek lead plaintiff status [5]. - The lead plaintiff represents the interests of all class members and can select a law firm for litigation [5]. - Investors' potential recovery is not contingent on serving as lead plaintiff [5].