Semtech(SMTC) Prnewswire·2025-04-07 09:45Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Semtech Corporation regarding a class action lawsuit alleging misleading statements and omissions related to the company's CopperEdge products [1][2]. Allegations - The complaint claims that during the class period from August 27, 2024, to February 7, 2025, Semtech's management made materially false and misleading statements about the performance and market readiness of its CopperEdge products [1]. - Specific allegations include that the CopperEdge products did not meet customer needs, necessitating changes in rack architecture, which would lead to lower-than-expected sales in fiscal 2026 [1]. Shareholder Actions - Shareholders who purchased shares during the specified class period are encouraged to register for the class action, with a deadline of April 22, 2025, to seek lead plaintiff status [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [2]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud, aiming to hold companies accountable for misleading practices [3].