New York, New York–(Newsfile Corp. – December 31, 2024) – Kuehn Law, PLLC, a limited liability law firm, is investigating whether certain officers and directors Mobileye Global Inc. (NASDAQ: NASDAQ:) breached their fiduciary duty to shareholders.
According to the federal securities lawsuit, Mobileye Global insiders caused the company to misrepresent or fail to report that (1) to avoid shortages found between supply restrictions in 2021 and 2022, the company's Tier 1 customers had purchased inventory in excess of demand at the time. finance 2023; (2) as a result, the company's customers had excess inventory, including approximately 6-7 million units of EyeQ SoCs; (3) due to the inventory build-up, there was a significant risk that Phase 1 customers would purchase less product, which adversely affected the Company's 2024 financial results; and (4) as a result of the foregoing, positive statements about the company's business, operations, and prospects are misleading and/or unsubstantiated.
If you are yours now MBLY and purchased before January 26, 2023 please contact Justin Kuehn, Esq. Right here, by email at justin@kuehn.law or call (833) 672-0814. The consultation and case is free and there is no obligation to you. Kuehn Law pays all the costs of the case and does not charge its investor clients. Shareholders should contact the firm as soon as possible as there may be a limited time to enforce your rights.
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For additional information, please visit Shareholder Derivative Litigation – Kuehn Law.
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