US EditionMONOLITHIC POWER (NASDAQ: MPWR) CLASS ACTION DEADLINE APPROACHING: Berger Montague Advises Investors to Inquire About a Securities Fraud Class Action by April 7, 2025
- A securities class action lawsuit has been filed against Monolithic Power Systems, Inc. On behalf of purchasers of its securities between February 8, 2024, and November 8, 2024.
- The lawsuit alleges that Monolithic Power and its senior management misled investors regarding performance and quality control issues with its voltage regulator modules and power management integrated circuits.
- Monolithic Power's components' defects reportedly impacted the performance of certain Nvidia products, damaging the relationship between the two companies, and on October 30, 2024, Monolithic Power reported a decline in quarterly revenue within its Enterprise Data business to $184 million, missing estimates by nearly 13%.
- An Edgewater Research report published on November 11, 2024, revealed that Nvidia had cancelled half of its outstanding orders from Monolithic Power and intended to eliminate their products in next-generation Blackwell chips due to "erformance issues," leading Nvidia to "lost confidence" and turn to other suppliers.
- Following these disclosures, Monolithic Power's stock price fell more than $160 per share on October 30, 2024, and closed at $761.30 per share on November 8, 2024, and investors who purchased Monolithic Power securities during the Class Period may seek to be appointed as a lead plaintiff representative of the class with a deadline of APRIL 7, 2025.
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MONOLITHIC POWER (NASDAQ: MPWR) CLASS ACTION DEADLINE APPROACHING: Berger Montague Advises Investors to Inquire About a Securities Fraud Class Action by April 7, 2025
PHILADELPHIA, March 26, 2025 /PRNewswire/ -- Berger Montague PC advises investors that a securities class action lawsuit has been filed against Monolithic Power Systems, Inc. ("Monolithic Power" or the "Company") (NASDAQ: MPWR) on behalf of purchasers of Monolithic Power securities…
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