Data News > Investor Alert: Wolfspeed, Inc. Faces Securities Law Violations
- Multiple law firms announcing class action lawsuits against Wolfspeed, Inc. for alleged securities law violations
- Investors who suffered losses between August 16, 2023, and November 6, 2024, encouraged to join the lawsuits
- January 17, 2025, deadline to contact Levi & Korsinsky or other firms to discuss potential recovery
- Allegations of violations of federal securities laws against Wolfspeed and its officers
- Slow-down in growth at Mohawk Valley facility revealed during an earnings call on November 7, 2024
Several law firms have initiated class action lawsuits against Wolfspeed, Inc., accusing the company of securities law violations. Investors who experienced losses between August 16, 2023, and November 6, 2024, are being urged to participate in these legal proceedings to seek possible recovery before the January 17, 2025 deadline.
Among the law firms leading the charge is Levi & Korsinsky, which is actively reaching out to investors who may have been affected by the alleged misconduct. The lawsuits target Wolfspeed and certain officers of the company, claiming violations of federal securities laws during the specified Class Period.
The legal actions stem from revelations made during an earnings call on November 7, 2024, where Wolfspeed disclosed a slowdown in growth at its 200mm facility located in Mohawk Valley. This development was seen as a red flag, indicating a potential demand challenge as the facility continues to increase production.
Bronstein, Gewirtz & Grossman, LLC, another prominent law firm, is also mobilizing investors to join the class action lawsuit against Wolfspeed. The legal actions seek to recover damages on behalf of individuals and entities that purchased Wolfspeed securities during the Class Period, emphasizing the importance of seeking potential compensation for any losses incurred.
The Schall Law Firm is extending a similar invitation to investors who bought Wolfspeed securities between August 16, 2023, and November 6, 2024, to engage in the legal proceedings before the looming January 17, 2025 deadline. The firm is specifically targeting violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 put forth by the U.S. Securities and Exchange Commission.
In light of the ongoing investigations, Levi & Korsinsky is continuously updating shareholders of Wolfspeed, Inc. regarding the status of the class action lawsuit and the approaching deadline to take part in the legal actions. Investors are encouraged to stay informed and consider seeking out potential recovery options through legal avenues before the cut-off date.
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Investor Alert: Wolfspeed, Inc. Faces Securities Law Violations
By KlickAnalytics Data Insights | November 29, 2024 08:01PM ET
Key Points
- Multiple law firms announcing class action lawsuits against Wolfspeed, Inc. for alleged securities law violations
- Investors who suffered losses between August 16, 2023, and November 6, 2024, encouraged to join the lawsuits
- January 17, 2025, deadline to contact Levi & Korsinsky or other firms to discuss potential recovery
- Allegations of violations of federal securities laws against Wolfspeed and its officers
- Slow-down in growth at Mohawk Valley facility revealed during an earnings call on November 7, 2024
Several law firms have initiated class action lawsuits against Wolfspeed, Inc., accusing the company of securities law violations. Investors who experienced losses between August 16, 2023, and November 6, 2024, are being urged to participate in these legal proceedings to seek possible recovery before the January 17, 2025 deadline.
Among the law firms leading the charge is Levi & Korsinsky, which is actively reaching out to investors who may have been affected by the alleged misconduct. The lawsuits target Wolfspeed and certain officers of the company, claiming violations of federal securities laws during the specified Class Period.
The legal actions stem from revelations made during an earnings call on November 7, 2024, where Wolfspeed disclosed a slowdown in growth at its 200mm facility located in Mohawk Valley. This development was seen as a red flag, indicating a potential demand challenge as the facility continues to increase production.
Bronstein, Gewirtz & Grossman, LLC, another prominent law firm, is also mobilizing investors to join the class action lawsuit against Wolfspeed. The legal actions seek to recover damages on behalf of individuals and entities that purchased Wolfspeed securities during the Class Period, emphasizing the importance of seeking potential compensation for any losses incurred.
The Schall Law Firm is extending a similar invitation to investors who bought Wolfspeed securities between August 16, 2023, and November 6, 2024, to engage in the legal proceedings before the looming January 17, 2025 deadline. The firm is specifically targeting violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 put forth by the U.S. Securities and Exchange Commission.
In light of the ongoing investigations, Levi & Korsinsky is continuously updating shareholders of Wolfspeed, Inc. regarding the status of the class action lawsuit and the approaching deadline to take part in the legal actions. Investors are encouraged to stay informed and consider seeking out potential recovery options through legal avenues before the cut-off date.
For more information:
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