RADNOR, PA – (NewMediaWire) – January 2, 2025 – The law firm of Kessler Topaz Meltzer & Khangela, LLP (www.ktmc.com) informs investors that a securities class action has been filed against Wolfspeed (NYSE:), Inc. (Wolfspeed) (NYSE: WOLF) on behalf of those who purchased or acquired Wolfspeed securities during August. 16, 2023, and November 6, 2024, inclusive (Class Term). The deadline is January 17, 2025.
CONTACT KESSLER TOPAZ MELTZER & REVIEW, LLP:
If you have experienced a Wolfspeed loss, CLICK HERE or go to: https://www.ktmc.com/new-cases/wolfspeed-inc?utm_source=PR&utm_medium=link&utm_campaign=wolf&mktm=r
You can contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or emailing info@ktmc.com.
PLAINTIFFS NOT REPRESENTED:
The Complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Wolfspeeds claims are optimistic about the potential growth of the Mohawk Valley manufacturing facility and general demand for Wolfspeeds 200mm wafers. The electronic car market failed in reality; and (2) Wolfspeed had overestimated the demand for its core product and placed undue reliance on design success while growth at the Mohawk Valley facilities had begun to slow before realizing $100 million in revenue per quarter allegedly achievable with only 20% design utilization, let's say. only the promised revenue of $2 billion is expected to be achieved by the institution.
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LEAD COMPLAINT PROCEDURE:
Wolfspeed investors may, no later than January 17, 2025, seek to have Kessler Topaz Meltzer & Check, LLP or other counsel appointed as lead class plaintiff, or they may choose to do nothing and remain a non-class member. The lead plaintiff is the representative party acting on behalf of all class members in the management of the lawsuit. The lead plaintiff is usually an investor or a small group of investors who have a substantial financial interest and who are sufficient and similar to the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision whether or not to act as the lead plaintiff.
Kessler Topaz Meltzer & Khangela, LLP encourages Wolfspeed investors who have suffered significant losses to contact the firm directly for more information.
ABOUT KESSLER TOPAZ MELTZER & HOLLA, LLP:
Kessler Topaz Meltzer & Khangela, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars from victims of fraud and other corporate misconduct. All of our work is driven by the same goal: to protect investors, customers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. Complaints in this action were not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Khangela, LLP please visit www.ktmc.com.
CONTACT:
Kessler Topaz Meltzer & Search, LLP
Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087
info@ktmc.com
It may be considered a marketing attorney in certain areas. Past results do not guarantee future results.
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