{"id":997928,"date":"2026-08-25T11:13:05","date_gmt":"2026-08-25T15:13:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/plab-shareholder-alert-investors-with-losses-may-seek-to-lead-the-class-action-in-photronics-inc-securities-lawsuit-contact-suewallst\/"},"modified":"2026-08-25T11:13:05","modified_gmt":"2026-08-25T15:13:05","slug":"plab-shareholder-alert-investors-with-losses-may-seek-to-lead-the-class-action-in-photronics-inc-securities-lawsuit-contact-suewallst","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/plab-shareholder-alert-investors-with-losses-may-seek-to-lead-the-class-action-in-photronics-inc-securities-lawsuit-contact-suewallst\/","title":{"rendered":"PLAB Shareholder Alert: Investors With Losses May Seek to Lead the Class Action in Photronics, Inc. Securities Lawsuit &#8211; Contact SueWallSt"},"content":{"rendered":"<h2>\nExecutive Accountability: KangJyh Lee, President of PDMC and Photronics Director, Named in Securities Action Alleging Concealment of Design Release Pipeline Slowdown That Cost PLAB Investors $19.49 Per Share<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p>NEW YORK, Aug.  25, 2026  (GLOBE NEWSWIRE) &#8212; SueWallSt notifies investors that KangJyh Lee, President of PDMC and a Director of Photronics, Inc. (NASDAQ: PLAB), is named as a defendant in a securities class action filed on behalf of shareholders who purchased PLAB securities between December 10, 2025 and May 27, 2026.\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=D8tREiva0OFpB-BfSL_tZLhxWANf6UMNtUOXUHEA5j9Is2-3gVMAnUVO0aW2EPC0WTxqWgLrnXmzVy-gyeKe8oEh1FKrS8l00awiFZEyp4NUzSwH1d9f4pmGMKGEZax8hFFsefWSC9Ib6vFbRXJFU0IxtV0WLk5jzvJpvBmjh7AA5mvMaJAp6esm3R9QxP4T7DZ4tY_HsDPMBcNooZJ3g9RqKM_F36cKp7yhAdk86ZFBEt9dJVJAwQQWCSCAKYIQ\" rel=\"nofollow\" target=\"_blank\"><u>Check if you might be eligible to recover your investment losses<\/u><\/a>. You may also contact Joseph E. Levi, Esq. at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=dVOhD_AeV4JoaPksjoI8ECNi35qSXRgqFXH7IvWt9fai8D85Kbgkr2V4lyAVQrzrvwr5JvQ-3ErBYHwax9fVz1Kqp8DSq1wYHvw7lrHzk6s=\" rel=\"nofollow\" target=\"_blank\"><u>jlevi@SueWallSt.com<\/u><\/a> or (888) SueWallSt.<\/p>\n<p>PLAB shares fell $19.49 per share, a decline of 36.42%, on May 28, 2026, after Photronics revealed that its anticipated post-Chinese New Year recovery in high-end IC design releases had stalled.<\/p>\n<p>\n        <strong>KangJyh Lee&#8217;s Role During the Class Period<\/strong>\n      <\/p>\n<p>The complaint identifies Lee as a key participant in Photronics&#8217; public communications with investors during the Class Period. As President of PDMC and a Photronics Director, Lee participated directly in quarterly earnings calls where he provided detailed operational commentary about customer demand, competitive positioning, and capacity planning for the Company&#8217;s high-end IC photomask business.<\/p>\n<p>\n        <strong>What Lee Allegedly Told Investors<\/strong>\n      <\/p>\n<p>During the December 10, 2025 earnings call, Lee stated that Photronics was seeing &#8220;a lot of&#8221; high-end opportunities and that the Company needed to &#8220;maximize&#8221; its Boise facility capacity, asserting that &#8220;the entry barrier for the newcomers to the high-end business is very high.&#8221; On February 27, 2026, Lee characterized the post-Chinese New Year seasonal slowdown as temporary, stating that customer tape-out forecasts would &#8220;resume in the middle &#8212; early of March&#8221; and that management did not &#8220;see major difference in the market environment.&#8221;<\/p>\n<p>The action contends these statements were misleading because:<\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:2pt;margin-bottom:2pt\">Lee participated in earnings calls on December 10, 2025 and February 27, 2026, providing specific operational assurances about high-end demand and competitive positioning<\/li>\n<li style=\"margin-top:2pt;margin-bottom:2pt\">Lee told investors the post-Chinese New Year slowdown was routine, asserting customer orders would resume by early March 2026<\/li>\n<li style=\"margin-top:2pt;margin-bottom:2pt\">Lee emphasized capacity constraints at Boise as evidence of demand strength while allegedly failing to acknowledge a slowdown in design release momentum at the customer level<\/li>\n<li style=\"margin-top:2pt;margin-bottom:2pt\">Lee stated that newcomer competition affected only mainstream products, reinforcing investor confidence in the Photronics\u2019 projected growth trajectory.<\/li>\n<li style=\"margin-top:2pt;margin-bottom:2pt\">On May 28, 2026, Lee admitted the slowdown &#8220;after Chinese [New Year] is much longer than we anticipate&#8221; and that the design release delays originated &#8220;at the very beginning of the new design release&#8221; at design houses\n<\/li>\n<\/ul>\n<p>\n        <strong>Lee&#8217;s Alleged Liability Under Section 20(a)<\/strong>\n      <\/p>\n<p>The securities action names Lee as a controlling person of Photronics under Section 20(a) of the Exchange Act. As pleaded, Lee possessed the power and authority to control the contents of the Company&#8217;s public statements and was provided with copies of reports and press releases prior to their issuance. Lee had the ability to prevent misleading statements or cause them to be corrected, and his direct participation in investor communications during the Class Period forms the basis for his alleged individual liability.<\/p>\n<p>\n        <em>&#8220;Individual officers who sign SEC certifications bear personal responsibility for the accuracy of corporate disclosures. When executives provide specific operational assurances to investors on earnings calls, they must ensure those statements reflect the company&#8217;s actual conditions,&#8221;<\/em> stated Joseph E. Levi, Esq.<\/p>\n<p>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=vhnxbDp0fz-lr762FF3_L_e0XrWC191q7fafGNm4kLJB1fRbXEjaovg9iXAHN-l2I3HS4CjHnFRDlaVpT8fMsth4gIp_bRhygN_jCCzqv9EZ59Q3mhIsaAw9EZAY38nW3rui_xPR8OH05qpYQpvk8e1Kv1qWQ6KOBolTGLR93WukwV18mz2N6--KU8W_bJDb\" rel=\"nofollow\" target=\"_blank\"><br \/>\n          <u>Learn more about the case<\/u><br \/>\n        <\/a> or call (888) SueWallSt.<\/p>\n<p>LEAD PLAINTIFF DEADLINE: September 4, 2026<\/p>\n<p>\n        <strong>WHY SUEWALLST:<\/strong> SueWallSt is powered by Levi &amp; Korsinsky LLP. Levi &amp; Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi &amp; Korsinsky has ranked in ISS Securities Class Action Services&#8217; Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.<\/p>\n<p>\n        <strong>Frequently Asked Questions About the PLAB Lawsuit<\/strong>\n      <\/p>\n<p>\n        <strong>Q: Who are the defendants named in the PLAB lawsuit?<\/strong> A: The complaint names Photronics, Inc. and individual defendants including CEO George C. Macricostas, CFO\/President Eric Rivera, and KangJyh Lee, President of PDMC and a Director of Photronics. Each is alleged to have controlled the contents of public statements and SEC filings during the Class Period.<\/p>\n<p>\n        <strong>Q: What is the PLAB lead plaintiff deadline?<\/strong> A: The deadline to apply for lead plaintiff appointment is September 4, 2026. This deadline applies only to investors seeking to serve as lead plaintiff. Class members who do not apply may still participate in any recovery without taking action before this date.<\/p>\n<p>\n        <strong>Q: What specific misstatements does the PLAB lawsuit allege?<\/strong> A: The complaint alleges Photronics made materially false or misleading statements regarding the strength of its high-end IC design release pipeline, the anticipated post-Chinese New Year recovery, and the stability of customer demand, while allegedly concealing that design release momentum had slowed due to elevated fab utilization and geopolitical uncertainty.<\/p>\n<p>\n        <strong>Q: What if I already sold my PLAB shares &#8212; can I still recover losses?<\/strong> A: Yes. Eligibility is based on when you purchased, not whether you still hold them. Investors who bought during the class period and sold at a loss may still participate.<\/p>\n<p>\n        <strong>Q: What does it cost me to participate?<\/strong> A: Nothing. Securities class actions are handled on a pure contingency basis. No upfront fees, no retainer, no out-of-pocket costs.<\/p>\n<p>\n        <strong>Q: Do I need to go to court or give testimony?<\/strong> A: No. The overwhelming majority of class members never appear in court or give depositions. You submit a claim form to receive your portion of recovery.<\/p>\n<p>\n        <strong>Q: How long will the lawsuit take to resolve?<\/strong> A: Securities class actions typically take two to four years from initial filing to resolution.<\/p>\n<p>CONTACT:<\/p>\n<p>Levi &amp; Korsinsky, LLP<\/p>\n<p>Joseph E. Levi, Esq.<\/p>\n<p>33 Whitehall Street, 27th Floor<\/p>\n<p>New York, NY 10004<\/p>\n<p>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=dVOhD_AeV4JoaPksjoI8EBVogVoi6Z-qQAjiww2pyyxLauyzLIO9ozc7V7x-0ljSGSYKXHuwU4GAufnrbXmUXdTZ5MosXZcQKILSOcdWqz8=\" rel=\"nofollow\" target=\"_blank\"><br \/>\n          <u>jlevi@SueWallSt.com<\/u><br \/>\n        <\/a>\n      <\/p>\n<p>Tel: (888) SueWallSt<\/p>\n<p>Fax: (212) 363-7171<\/p>\n<p>Attorney Advertising. Prior results do not guarantee similar outcomes.<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTgxNTI4MyM3ODAwNzU5IzUwMDE2Mzc4Mw==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/YjI3YmI5YmMtYTU2My00MjAzLTg1NGItNjI0YWI5NWFhMDkzLTUwMDE2Mzc4My0yMDI2LTA4LTI1LWVu\/tiny\/SueWallSt.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Executive Accountability: KangJyh Lee, President of PDMC and Photronics Director, Named in Securities Action Alleging Concealment of Design Release Pipeline Slowdown That Cost PLAB Investors $19.49 Per Share NEW YORK, Aug. 25, 2026 (GLOBE NEWSWIRE) &#8212; SueWallSt notifies investors that KangJyh Lee, President of PDMC and a Director of Photronics, Inc. (NASDAQ: PLAB), is named as a defendant in a securities class action filed on behalf of shareholders who purchased PLAB securities between December 10, 2025 and May 27, 2026.\u00a0Check if you might be eligible to recover your investment losses. You may also contact Joseph E. Levi, Esq. at jlevi@SueWallSt.com or (888) SueWallSt. PLAB shares fell $19.49 per share, a decline of 36.42%, on May 28, 2026, after Photronics revealed &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/plab-shareholder-alert-investors-with-losses-may-seek-to-lead-the-class-action-in-photronics-inc-securities-lawsuit-contact-suewallst\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;PLAB Shareholder Alert: Investors With Losses May Seek to Lead the Class Action in Photronics, Inc. Securities Lawsuit &#8211; Contact SueWallSt&#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-997928","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PLAB Shareholder Alert: Investors With Losses May Seek to Lead the Class Action in Photronics, Inc. Securities Lawsuit - Contact SueWallSt - 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\/plab-shareholder-alert-investors-with-losses-may-seek-to-lead-the-class-action-in-photronics-inc-securities-lawsuit-contact-suewallst\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PLAB Shareholder Alert: Investors With Losses May Seek to Lead the Class Action in Photronics, Inc. Securities Lawsuit - Contact SueWallSt - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Executive Accountability: KangJyh Lee, President of PDMC and Photronics Director, Named in Securities Action Alleging Concealment of Design Release Pipeline Slowdown That Cost PLAB Investors $19.49 Per Share NEW YORK, Aug. 25, 2026 (GLOBE NEWSWIRE) &#8212; SueWallSt notifies investors that KangJyh Lee, President of PDMC and a Director of Photronics, Inc. (NASDAQ: PLAB), is named as a defendant in a securities class action filed on behalf of shareholders who purchased PLAB securities between December 10, 2025 and May 27, 2026.\u00a0Check if you might be eligible to recover your investment losses. You may also contact Joseph E. Levi, Esq. at jlevi@SueWallSt.com or (888) SueWallSt. PLAB shares fell $19.49 per share, a decline of 36.42%, on May 28, 2026, after Photronics revealed &hellip; Continue reading &quot;PLAB Shareholder Alert: Investors With Losses May Seek to Lead the Class Action in Photronics, Inc. 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Securities Lawsuit - Contact SueWallSt - 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\/plab-shareholder-alert-investors-with-losses-may-seek-to-lead-the-class-action-in-photronics-inc-securities-lawsuit-contact-suewallst\/","og_locale":"en_US","og_type":"article","og_title":"PLAB Shareholder Alert: Investors With Losses May Seek to Lead the Class Action in Photronics, Inc. Securities Lawsuit - Contact SueWallSt - Market Newsdesk","og_description":"Executive Accountability: KangJyh Lee, President of PDMC and Photronics Director, Named in Securities Action Alleging Concealment of Design Release Pipeline Slowdown That Cost PLAB Investors $19.49 Per Share NEW YORK, Aug. 25, 2026 (GLOBE NEWSWIRE) &#8212; SueWallSt notifies investors that KangJyh Lee, President of PDMC and a Director of Photronics, Inc. (NASDAQ: PLAB), is named as a defendant in a securities class action filed on behalf of shareholders who purchased PLAB securities between December 10, 2025 and May 27, 2026.\u00a0Check if you might be eligible to recover your investment losses. You may also contact Joseph E. Levi, Esq. at jlevi@SueWallSt.com or (888) SueWallSt. PLAB shares fell $19.49 per share, a decline of 36.42%, on May 28, 2026, after Photronics revealed &hellip; Continue reading \"PLAB Shareholder Alert: Investors With Losses May Seek to Lead the Class Action in Photronics, Inc. Securities Lawsuit &#8211; Contact SueWallSt\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/plab-shareholder-alert-investors-with-losses-may-seek-to-lead-the-class-action-in-photronics-inc-securities-lawsuit-contact-suewallst\/","og_site_name":"Market Newsdesk","article_published_time":"2026-08-25T15:13:05+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTgxNTI4MyM3ODAwNzU5IzUwMDE2Mzc4Mw==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/plab-shareholder-alert-investors-with-losses-may-seek-to-lead-the-class-action-in-photronics-inc-securities-lawsuit-contact-suewallst\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/plab-shareholder-alert-investors-with-losses-may-seek-to-lead-the-class-action-in-photronics-inc-securities-lawsuit-contact-suewallst\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"PLAB Shareholder Alert: Investors With Losses May Seek to Lead the Class Action in Photronics, Inc. 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