{"id":801389,"date":"2025-01-16T05:48:28","date_gmt":"2025-01-16T10:48:28","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-wolfspeed-inc-wolf-shareholders\/"},"modified":"2025-01-16T05:48:28","modified_gmt":"2025-01-16T10:48:28","slug":"the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-wolfspeed-inc-wolf-shareholders","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-wolfspeed-inc-wolf-shareholders\/","title":{"rendered":"The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Wolfspeed, Inc.(WOLF) Shareholders"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">NEW YORK<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Jan. 16, 2025<\/span><\/span> \/PRNewswire\/ &#8212;\u00a0The Gross Law Firm issues the following notice to shareholders of\u00a0<b>Wolfspeed, Inc. (NYSE: WOLF).<\/b><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/2280333\/The_Gross_Law_Firm_Logo.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/2280333\/The_Gross_Law_Firm_Logo.jpg\" title=\"The Gross Law Firm (PRNewsfoto\/The Gross Law Firm)\" alt=\"The Gross Law Firm (PRNewsfoto\/The Gross Law Firm)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>Shareholders who purchased shares of WOLF during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.<\/p>\n<p class=\"prntac\">CONTACT US HERE:<\/p>\n<p class=\"prntac\">\n        <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4341875-1&amp;h=297853454&amp;u=https%3A%2F%2Fsecuritiesclasslaw.com%2Fsecurities%2Fwolfspeed-loss-submission-form%2F%3Fid%3D123031%26from%3D4&amp;a=https%3A%2F%2Fsecuritiesclasslaw.com%2Fsecurities%2Fwolfspeed-loss-submission-form%2F%3Fid%3D123031%26from%3D4\" target=\"_blank\" rel=\"nofollow\">https:\/\/securitiesclasslaw.com\/securities\/wolfspeed-loss-submission-form\/?id=123031&amp;from=4<\/a>\u00a0<\/p>\n<p>\n        <b>CLASS PERIOD: <\/b><br \/>\n        <span class=\"xn-chron\">August 16, 2023<\/span> to <span class=\"xn-chron\">November 6, 2024<\/span><\/p>\n<p>\n        <b>ALLEGATIONS: <\/b>According to the complaint, defendants provided the public with revenue projections that depended on Wolfspeed&#8217;s Mohawk Valley fabrication facility ramping its production to meet and\/or exceed demand for its 200mm wafer product. On <span class=\"xn-chron\">November 6, 2024<\/span>, Wolfspeed announced its financial results for the first quarter of fiscal year 2025 and unveiled guidance for the second quarter well below expectations. While defendants had repeatedly claimed that 20% utilization of the Mohawk Valley fabrication facility would result in <span class=\"xn-money\">$100 million<\/span> revenue out of the facility, defendants now guided to a range 30% to 50% below that mark. The Company attributed its results and lowered guidance to &#8220;demand \u2026 ramp[ing] more slowly than we originally anticipated&#8221; as &#8220;EV customers revise their launch time lines as the market works though this transition period.&#8221;\u00a0 Investors and analysts reacted immediately to Wolfspeed&#8217;s revelation. The price of Wolfspeed&#8217;s common stock declined dramatically. From a closing market price of <span class=\"xn-money\">$13.71<\/span> per share on <span class=\"xn-chron\">November 6, 2024<\/span>, Wolfspeed&#8217;s stock price fell to <span class=\"xn-money\">$8.33<\/span> per share on <span class=\"xn-chron\">November 7, 2024<\/span>, a decline of about 39.24% in the span of just a single day.<\/p>\n<p>\n        <b>DEADLINE: <span class=\"xn-chron\">January 17, 2025<\/span><\/b> Shareholders should not delay in registering for this class action. Register your information here: <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4341875-1&amp;h=297853454&amp;u=https%3A%2F%2Fsecuritiesclasslaw.com%2Fsecurities%2Fwolfspeed-loss-submission-form%2F%3Fid%3D123031%26from%3D4&amp;a=https%3A%2F%2Fsecuritiesclasslaw.com%2Fsecurities%2Fwolfspeed-loss-submission-form%2F%3Fid%3D123031%26from%3D4\" target=\"_blank\" rel=\"nofollow\">https:\/\/securitiesclasslaw.com\/securities\/wolfspeed-loss-submission-form\/?id=123031&amp;from=4<\/a>\u00a0<\/p>\n<p>\n        <b>NEXT STEPS FOR SHAREHOLDERS: <\/b>Once you register as a shareholder who purchased shares of WOLF during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is <span class=\"xn-chron\">January 17, 2025<\/span>. There is no cost or obligation to you to participate in this case.<\/p>\n<p>\n        <b>WHY GROSS LAW FIRM? <\/b>The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, <span>fraud<\/span>, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and\/or misleading statements or the omission of material information by a company lead to artificial inflation of the company&#8217;s stock. Attorney advertising. Prior results do not guarantee similar outcomes.<\/p>\n<p>\n        <b>CONTACT:<\/b><br \/>\n        <br \/>The Gross Law Firm<br \/>15 West 38th Street, 12th floor<br \/><span class=\"xn-location\">New York, NY<\/span>, 10018<br \/>Email: <a href=\"mailto:dg@securitiesclasslaw.com\" target=\"_blank\" rel=\"nofollow\">dg@securitiesclasslaw.com<\/a>\u00a0<br \/>Phone: (646) 453-8903<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY97585&amp;sd=2025-01-16\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-wolfspeed-incwolf-shareholders-302352377.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-wolfspeed-incwolf-shareholders-302352377.html<\/a><\/p>\n<p>SOURCE  The Gross Law Firm<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY97585&amp;Transmission_Id=202501160545PR_NEWS_USPR_____NY97585&amp;DateId=20250116\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire NEW YORK , Jan. 16, 2025 \/PRNewswire\/ &#8212;\u00a0The Gross Law Firm issues the following notice to shareholders of\u00a0Wolfspeed, Inc. (NYSE: WOLF). Shareholders who purchased shares of WOLF during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https:\/\/securitiesclasslaw.com\/securities\/wolfspeed-loss-submission-form\/?id=123031&amp;from=4\u00a0 CLASS PERIOD: August 16, 2023 to November 6, 2024 ALLEGATIONS: According to the complaint, defendants provided the public with revenue projections that depended on Wolfspeed&#8217;s Mohawk Valley fabrication facility ramping its production to meet and\/or exceed demand for its 200mm wafer product. On November 6, 2024, Wolfspeed announced its financial results for the first quarter of fiscal year 2025 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-wolfspeed-inc-wolf-shareholders\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Wolfspeed, Inc.(WOLF) Shareholders&#8221;<\/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-801389","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Wolfspeed, Inc.(WOLF) Shareholders - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-wolfspeed-inc-wolf-shareholders\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Wolfspeed, Inc.(WOLF) Shareholders - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK , Jan. 16, 2025 \/PRNewswire\/ &#8212;\u00a0The Gross Law Firm issues the following notice to shareholders of\u00a0Wolfspeed, Inc. (NYSE: WOLF). Shareholders who purchased shares of WOLF during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https:\/\/securitiesclasslaw.com\/securities\/wolfspeed-loss-submission-form\/?id=123031&amp;from=4\u00a0 CLASS PERIOD: August 16, 2023 to November 6, 2024 ALLEGATIONS: According to the complaint, defendants provided the public with revenue projections that depended on Wolfspeed&#8217;s Mohawk Valley fabrication facility ramping its production to meet and\/or exceed demand for its 200mm wafer product. On November 6, 2024, Wolfspeed announced its financial results for the first quarter of fiscal year 2025 &hellip; Continue reading &quot;The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Wolfspeed, Inc.(WOLF) Shareholders&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-wolfspeed-inc-wolf-shareholders\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-16T10:48:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/2280333\/The_Gross_Law_Firm_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-wolfspeed-inc-wolf-shareholders\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-wolfspeed-inc-wolf-shareholders\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Wolfspeed, Inc.(WOLF) Shareholders\",\"datePublished\":\"2025-01-16T10:48:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-wolfspeed-inc-wolf-shareholders\\\/\"},\"wordCount\":492,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-wolfspeed-inc-wolf-shareholders\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/2280333\\\/The_Gross_Law_Firm_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-wolfspeed-inc-wolf-shareholders\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-wolfspeed-inc-wolf-shareholders\\\/\",\"name\":\"The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Wolfspeed, Inc.(WOLF) Shareholders - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-wolfspeed-inc-wolf-shareholders\/","og_locale":"en_US","og_type":"article","og_title":"The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Wolfspeed, Inc.(WOLF) Shareholders - Market Newsdesk","og_description":"PR Newswire NEW YORK , Jan. 16, 2025 \/PRNewswire\/ &#8212;\u00a0The Gross Law Firm issues the following notice to shareholders of\u00a0Wolfspeed, Inc. (NYSE: WOLF). Shareholders who purchased shares of WOLF during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https:\/\/securitiesclasslaw.com\/securities\/wolfspeed-loss-submission-form\/?id=123031&amp;from=4\u00a0 CLASS PERIOD: August 16, 2023 to November 6, 2024 ALLEGATIONS: According to the complaint, defendants provided the public with revenue projections that depended on Wolfspeed&#8217;s Mohawk Valley fabrication facility ramping its production to meet and\/or exceed demand for its 200mm wafer product. On November 6, 2024, Wolfspeed announced its financial results for the first quarter of fiscal year 2025 &hellip; Continue reading \"The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Wolfspeed, Inc.(WOLF) Shareholders\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-wolfspeed-inc-wolf-shareholders\/","og_site_name":"Market Newsdesk","article_published_time":"2025-01-16T10:48:28+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/2280333\/The_Gross_Law_Firm_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-wolfspeed-inc-wolf-shareholders\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-wolfspeed-inc-wolf-shareholders\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Wolfspeed, Inc.(WOLF) Shareholders","datePublished":"2025-01-16T10:48:28+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-wolfspeed-inc-wolf-shareholders\/"},"wordCount":492,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-wolfspeed-inc-wolf-shareholders\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/2280333\/The_Gross_Law_Firm_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-wolfspeed-inc-wolf-shareholders\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-wolfspeed-inc-wolf-shareholders\/","name":"The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Wolfspeed, Inc.(WOLF) Shareholders - 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