Robbins LLP has filed a class action lawsuit on behalf of investors who purchased Micron Technology, Inc. (NASDAQ: MU) securities between September 28, 2023, and December 18, 2024. The lawsuit alleges that Micron failed to disclose decreased demand for its products, specifically in consumer markets and for its NAND products. This failure to disclose reportedly led to overstated demand projections and misleading public statements by the company.
On December 18, 2024, Micron announced disappointing financial results for the first quarter of fiscal year 2025, leading to a drop in the stock price by $16.18 per share. Shareholders who wish to participate in the class action must submit their application by March 10, 2025, to potentially serve as lead plaintiff.
Robbins LLP, a leader in shareholder rights litigation, is representing investors on a contingency fee basis, meaning shareholders do not have to pay any fees or expenses. For more information on the class action against Micron Technology, Inc. or to receive alerts on corporate wrongdoing, interested parties can sign up for Stock Watch.
This press release serves as a reminder to investors who may have been affected by Micron’s alleged failure to disclose crucial information regarding the demand for its products. Shareholders are encouraged to take action if they believe they have suffered losses as a result of the company’s actions.
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