Core 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][3]. 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 [3]. - These defects reportedly 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]. - The company is alleged to be exposed to material undisclosed risks that could result in significant business, financial, and reputational harm [3]. 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 [4]. - A lead plaintiff is typically the investor or small group of investors with the largest financial interest in the case [4]. - Investors can choose to participate actively or remain as absent class members without affecting their ability to share in any recovery [4].
Kessler Topaz Meltzer & Check, LLP Reminds Investors of Deadline for Securities Fraud Class Action Lawsuit Filed Against Monolithic Power Systems, Inc.