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New York, New York—Bronstein, Gewirtz & Grossman, LLC, a law firm with a solid reputation in handling securities litigation, has announced that a class action lawsuit has been initiated against Micron Technology, Inc. (NASDAQ: MU) along with specific executives associated with the company.
Overview of the Class Action
The class action aims to seek compensation for damages allegedly incurred due to violations of federal securities laws. It represents all individuals and institutions that purchased or otherwise acquired Micron securities during the period from September 28, 2023, to December 18, 2024, referred to as the “Class Period.” Investors who fits this criteria are encouraged to participate in the lawsuit by visiting the firm’s dedicated webpage: bgandg.com/MU.
Allegations Against Micron
The allegations in the lawsuit center on claims that the defendants made false and misleading statements about Micron’s business performance and future prospects. More specifically, it is asserted that:
- The demand for Micron’s consumer products, particularly NAND flash memory, has considerably weakened.
- Defendants allegedly exaggerated the recovery in demand for Micron’s products in consumer markets and the sustainability of such demand, as well as misrepresented the normalization of inventory levels.
- Consequently, the public statements made by the Company were misleading and inaccurate throughout the entire Class Period.
Next Steps for Affected Investors
A class action suit has already commenced, and individuals interested in reviewing the formal complaint can access it through the firm’s website: bgandg.com/MU. Alternatively, inquiries can be directed to Peretz Bronstein, Esq., or Nathan Miller, the Client Relations Manager at Bronstein, Gewirtz & Grossman, LLC, reachable at 332-239-2660. Investors who experienced financial losses related to Micron are advised that they have until March 10, 2025, to file a request for appointment as lead plaintiff. However, participating in the potential recovery does not necessitate serving as the lead plaintiff.
No Upfront Costs to Participants
The law firm operates on a contingency fee basis for class action representations. This means that clients will not incur any upfront legal expenses; the firm will only seek reimbursement for costs and attorney fees, typically a percentage of any awarded recovery, in the event of a successful outcome.
About Bronstein, Gewirtz & Grossman
Bronstein, Gewirtz & Grossman, LLC is recognized nationally for its work in securities fraud class actions and shareholder derivative lawsuits. The firm has successfully secured hundreds of millions of dollars for investors across the country.
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For additional information, the source of this announcement can be accessed at this link.
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