Core Viewpoint - A securities class action lawsuit has been filed against Monolithic Power Systems, Inc. for alleged misleading statements and undisclosed performance issues related to its products, particularly those supplied to Nvidia [1][3]. Group 1: Lawsuit Details - The lawsuit was filed in the United States District Court for the Western District of Washington on behalf of investors who purchased Monolithic common stock between February 8, 2024, and November 8, 2024 [1]. - The deadline for investors to apply as lead plaintiffs is April 7, 2025 [1][4]. Group 2: Allegations Against Monolithic - The complaint alleges that Monolithic's voltage regulator modules and power management integrated circuits faced significant performance and quality control issues [3]. - These defects reportedly negatively impacted the performance of certain Nvidia products that utilized Monolithic's components [3]. - Monolithic is accused of failing to adequately address known issues affecting its power management solutions supplied to Nvidia, leading to irreparable damage to their relationship [3]. - As a result of these issues, Monolithic is said to be exposed to material undisclosed risks that could cause significant business, financial, and reputational harm [3].
Class Action Announcement for Monolithic Power Systems, Inc. Investors: A Securities Fraud Class Action Lawsuit Was Filed Against Monolithic Power Systems, Inc. - Contact Kessler Topaz Meltzer & Check, LLP