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New York, New York–(Newsfile Corp. – January 11, 2025) – WHY: Rosen Law Firm, a global investment law firm, reminds clients of Wolfspeed, Inc. securities. (NYSE: NYSE: ) between August 16, 2023 and November 6, 2024, both dates inclusive (the “Class Period”), significant January 17, 2025 is the time to lead the plaintiff.
NOW: If you have purchased Wolfspeed insurance you may be entitled to compensation out of pocket or expenses through a contingency fee arrangement.
WHAT YOU NEED TO DO: To join the Wolfspeed class action, go to https://rosenlegal.com/submit-form/?case_id=30954 or call Phillip Kim, Esq. toll free at 866-767-3653 or email case@rosenlegal.com for information about a class action. A class action lawsuit has been filed. If you wish to act as the lead plaintiff, you must remove the Court before 17 January 2025. The lead plaintiff is the party representing the other members of the class to conduct the case.
WHY ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Often, the companies that provide the notices do not have comparable experience, resources or any meaningful peer recognition. Most of these firms do not litigate securities class actions, but are simply brokers who refer clients or partner with law firms that litigate the cases. Be smart when choosing advice. The Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder litigation. The Rosen Law Firm has reached the largest settlement of a class action against a Chinese Company at that time. Rosen Law Firm is ranked No. 1 by ISS Securities Group Action (WA:) Securities ranking services in 2017. The firm has been ranked 4th every year since 2013 and has earned hundreds of millions of dollars for investors. In 2019 alone, the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by Law360 as a Titan of Plaintiffs’ Bar. Most of the firm’s lawyers are recognized by Lawdragon and Super Lawyers.
FACTS OF THE CASE: The claims in question in the action involve Wolfspeed’s Mohawk Valley, New York, manufacturing facility. The complaint alleges that the defendants provided the public with revenue projections based on false claims the Mohawk Valley plant was ramping up its production to meet and/or exceed demand for its 200mm product.
According to the indictment, the defendants made these flattering statements to investors while simultaneously misrepresenting and/or concealing negative facts about Wolfspeed’s true growth status, particularly , the level of performance and profitability of the Mohawk Valley manufacturing plant. First, to meet its publicly stated targets, Wolfspeed will have to cancel or indefinitely suspend planned future projects such as the Saarland, Germany facility. Second, Wolfspeed will have to lay off a large portion of its workforce and close its Durham, North Carolina textile plant. When the real facts entered the market, the lawsuit alleges that investors were harmed.
To join the Wolfspeed class action, go to https://rosenlegal.com/submit-form/?case_id=30954 or call Phillip Kim, Esq. toll free at 866-767-3653 or email case@rosenlegal.com for information about a class action.
No Group Guaranteed. Until the group is confirmed, you are not represented by a counselor unless you have reserved one. You can choose a consultant of your choice. You may remain a member of the missing group and do nothing at this point. The investor’s ability to contribute to future recovery does not depend on serving as the lead plaintiff.
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Advertising Attorney. Preliminary results do not guarantee a similar outcome.
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To view the source version of this release, please visit https://www.newsfilecorp.com/release/236813
