MPS(MPWR) GlobeNewswire News Room·2025-02-28 16:01Core Viewpoint - A securities class action lawsuit has been filed against Monolithic Power Systems, Inc. for alleged misleading statements and undisclosed quality control issues affecting its products, particularly those supplied to Nvidia [1][3]. Group 1: Lawsuit Details - The lawsuit is 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 lead plaintiff deadline for the lawsuit is set for April 7, 2025 [1][4]. Group 2: Allegations Against Monolithic - The complaint alleges that Monolithic's voltage regulator modules and power management integrated circuits experienced 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 claimed to be exposed to material undisclosed risks that could cause significant business, financial, and reputational harm [3]. Group 3: Lead Plaintiff Process - Investors in Monolithic can seek to be appointed as a lead plaintiff representative of the class by the April 7, 2025 deadline [4]. - The lead plaintiff will act on behalf of all class members and select counsel to represent the class in the litigation [4].