MPS(MPWR) Prnewswire·2025-03-17 09:45Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Monolithic Power Systems Inc. regarding a class action lawsuit due to alleged misleading statements and quality control issues affecting the company's products [1][2]. Group 1: Allegations and Issues - The class period for the allegations is from February 8, 2024, to November 8, 2024 [2]. - Allegations include that Monolithic's voltage regulator modules and power management integrated circuits experienced significant performance and quality control issues [2]. - These defects negatively impacted the performance of products offered by Nvidia, Monolithic's largest customer [2]. - Monolithic allegedly failed to adequately address known issues affecting the performance of its power management solutions supplied to Nvidia [2]. - The relationship between Monolithic and Nvidia has reportedly been irreparably damaged due to these performance and quality control issues [2]. Group 2: Legal Proceedings and Participation - Shareholders are encouraged to register for the class action lawsuit by April 7, 2025, to potentially become lead plaintiffs [3]. - Once registered, shareholders will be enrolled in a portfolio monitoring software for status updates throughout the case [3]. - Participation in the case incurs no cost or obligation for shareholders [3]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4].