Contact Levi & Korsinsky by April 7, 2025 Deadline to Join Class Action Against Monolithic Power Systems Inc. (MPWR)
MPSMPS(US:MPWR) GlobeNewswire News Room·2025-04-01 17:40

Core Viewpoint - A class action securities lawsuit has been filed against Monolithic Power Systems Inc. for alleged securities fraud affecting investors between February 8, 2024, and November 8, 2024 [1] Group 1: Allegations - 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 products from Monolithic's largest customer, Nvidia [2] - Monolithic is accused of failing to adequately address known issues affecting the performance of its power management solutions supplied to Nvidia [2] - The relationship between Monolithic and Nvidia is alleged to have been irreparably damaged due to these performance and quality control issues [2] Group 2: Legal Process - Investors who suffered losses during the specified time frame have until April 7, 2025, to request appointment as lead plaintiff [3] - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4]