MPS(MPWR) Prnewswire·2025-03-02 00:15Core Viewpoint - A securities class action lawsuit has been filed against Monolithic Power Systems, Inc. for alleged misleading statements and undisclosed risks affecting its business and relationship with Nvidia [1][2]. Group 1: Allegations Against Monolithic - The lawsuit claims that Monolithic's voltage regulator modules and power management integrated circuits experienced significant performance and quality control issues [2]. - These defects reportedly impacted the performance of certain Nvidia products that utilized Monolithic's components [2]. - 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 [2]. - 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 [2]. Group 2: Legal Process and Participation - Investors in Monolithic have until April 7, 2025, to seek appointment as a lead plaintiff representative in the class action [3]. - A lead plaintiff is typically the investor or small group of investors with the largest financial interest in the case and is responsible for directing the litigation [3]. - Investors can choose to participate actively or remain absent as class members without affecting their ability to share in any recovery [3].