{"id":800869,"date":"2025-01-15T06:13:09","date_gmt":"2025-01-15T11:13:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-deadline-friday-wolfspeed-inc-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit-wolf\/"},"modified":"2025-01-15T06:13:09","modified_gmt":"2025-01-15T11:13:09","slug":"investor-deadline-friday-wolfspeed-inc-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit-wolf","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-deadline-friday-wolfspeed-inc-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit-wolf\/","title":{"rendered":"INVESTOR DEADLINE FRIDAY: Wolfspeed, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit – WOLF"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n
\n SAN DIEGO<\/span>
\n <\/span>, Jan. 15, 2025<\/span><\/span> \/PRNewswire\/ —\u00a0The law firm of Robbins Geller Rudman<\/span> & Dowd LLP<\/a><\/b> announces that purchasers or acquirers of Wolfspeed, Inc. (NYSE: WOLF) securities between August 16, 2023<\/span> and November 6, 2024<\/span>, both dates inclusive (the “Class Period”), have until this upcoming Friday, January 17, 2025<\/span> to seek appointment as lead plaintiff of the Wolfspeed <\/i>class action lawsuit.\u00a0 Captioned Zagami v. Wolfspeed, Inc.<\/i>, No. 24-cv-01395 (N.D.N.Y.), the Wolfspeed <\/i>class action lawsuit charges Wolfspeed as well as certain of Wolfspeed’s executives with violations of the Securities Exchange Act of 1934.<\/p>\n

\n

\n
\n \"Robbins
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n If you suffered substantial losses and wish to serve as lead plaintiff of the Wolfspeed <\/i>class action lawsuit, please provide your information here:<\/b>\n <\/p>\n

\n
\n https:\/\/www.rgrdlaw.com\/cases-wolfspeed-class-action-lawsuit-wolf.html<\/a>
\n <\/b>\u00a0<\/p>\n

\n You can also contact attorneys J.C. Sanchez<\/a> or Jennifer N. Caringal<\/span><\/a> of Robbins Geller by calling 800\/449-4900 or via e-mail at info@rgrdlaw.com<\/a>.<\/b>\n <\/p>\n

\n CASE ALLEGATIONS<\/b>: Wolfspeed operates as a bandgap semiconductor company that focuses on silicon carbide and gallium nitride (GaN) technologies.<\/p>\n

The Wolfspeed<\/i> class action lawsuit alleges<\/span> that defendants throughout the Class Period made false and\/or misleading statements and\/or failed to disclose that: (i) Wolfspeed’s optimistic claims of potential growth of its Mohawk Valley fabrication facility and general demand for Wolfspeed’s 200mm wafers in the electronic vehicle market fell short of reality; and (ii) Wolfspeed had overstated demand for its key product and placed undue reliance on purported design wins while the Mohawk Valley facility’s growth had begun to taper before recognizing the $100 million<\/span> revenue per quarter allegedly<\/span> achievable with only 20% utilization of the fabrication, let alone the promised $2 billion<\/span> revenue purportedly achievable by the facility.<\/p>\n

The Wolfspeed<\/i> class action lawsuit further alleges<\/span> that on November 6, 2024<\/span>, Wolfspeed announced its financial results for the first quarter of fiscal year 2025, revealing that 20% utilization of the Mohawk Valley fabrication facility would result in 30% to 50% below the $100 million<\/span> mark defendants had claimed, attributing the results and lowered guidance to “demand . . . ramp[ing] more slowly than we originally anticipated” as “EV customers revise their launch time lines as the market works through this transition period.”\u00a0 On this news, the price of Wolfspeed stock fell more than 39%, according to the complaint.<\/p>\n

\n THE LEAD PLAINTIFF PROCESS<\/b>: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Wolfspeed securities during the Class Period to seek appointment as lead plaintiff in the Wolfspeed <\/i>class action lawsuit.\u00a0 A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.\u00a0 A lead plaintiff acts on behalf of all other class members in directing the Wolfspeed <\/i>class action lawsuit.\u00a0 The lead plaintiff can select a law firm of its choice to litigate the Wolfspeed <\/i>class action lawsuit.\u00a0 An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Wolfspeed <\/i>class action lawsuit.<\/p>\n

\n ABOUT ROBBINS GELLER<\/b>: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud<\/span> cases.\u00a0 Our Firm has been #1 in the ISS Securities Class Action Services rankings for six out of the last ten years for securing the most monetary relief for investors.\u00a0 We recovered $6.6 billion<\/span> for investors in securities-related class action cases \u2013 over $2.2 billion<\/span> more than any other law firm in the last four years.\u00a0 With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever \u2013 $7.2 billion<\/span> \u2013 in In re Enron Corp. Sec. Litig.<\/i>\u00a0 Please visit the following page for more information:<\/p>\n

\n
\n https:\/\/www.rgrdlaw.com\/services-litigation-securities-fraud<\/span>.html<\/a>
\n <\/b>\n <\/p>\n

Past results do not guarantee future outcomes.\u00a0<\/p>\n

Services may be performed by attorneys in any of our offices.\u00a0<\/p>\n

Contact:<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Robbins Geller Rudman & Dowd LLP<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 J.C. Sanchez, Jennifer N. Caringal<\/span><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 655 W. Broadway, Suite 1900, San Diego, CA<\/span> 92101<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 800-449-4900<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 info@rgrdlaw.com<\/a><\/b>\u00a0<\/p>\n

\n \"Cision\" View original content to download multimedia:https:\/\/www.prnewswire.com\/news-releases\/investor-deadline-friday-wolfspeed-inc-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit—wolf-302348869.html<\/a><\/p>\n

SOURCE Robbins Geller Rudman & Dowd LLP<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire SAN DIEGO , Jan. 15, 2025 \/PRNewswire\/ —\u00a0The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Wolfspeed, Inc. (NYSE: WOLF) securities between August 16, 2023 and November 6, 2024, both dates inclusive (the “Class Period”), have until this upcoming Friday, January 17, 2025 to seek appointment as lead plaintiff of the Wolfspeed class action lawsuit.\u00a0 Captioned Zagami v. Wolfspeed, Inc., No. 24-cv-01395 (N.D.N.Y.), the Wolfspeed class action lawsuit charges Wolfspeed as well as certain of Wolfspeed’s executives with violations of the Securities Exchange Act of 1934. If you suffered substantial losses and wish to serve as lead plaintiff of the Wolfspeed class action lawsuit, please provide your information here: https:\/\/www.rgrdlaw.com\/cases-wolfspeed-class-action-lawsuit-wolf.html \u00a0 … <\/p>\n

Continue reading “INVESTOR DEADLINE FRIDAY: Wolfspeed, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit – WOLF”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-800869","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nINVESTOR DEADLINE FRIDAY: Wolfspeed, Inc. 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(NYSE: WOLF) securities between August 16, 2023 and November 6, 2024, both dates inclusive (the “Class Period”), have until this upcoming Friday, January 17, 2025 to seek appointment as lead plaintiff of the Wolfspeed class action lawsuit.\u00a0 Captioned Zagami v. Wolfspeed, Inc., No. 24-cv-01395 (N.D.N.Y.), the Wolfspeed class action lawsuit charges Wolfspeed as well as certain of Wolfspeed’s executives with violations of the Securities Exchange Act of 1934. If you suffered substantial losses and wish to serve as lead plaintiff of the Wolfspeed class action lawsuit, please provide your information here: https:\/\/www.rgrdlaw.com\/cases-wolfspeed-class-action-lawsuit-wolf.html \u00a0 … Continue reading "INVESTOR DEADLINE FRIDAY: Wolfspeed, Inc. 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