New York, New York – (Newsfile Corp. – December 25, 2024) – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Wolfspeed, Inc. (NYSE: NYSE:) between August 16, 2023 and November 6, 2024, both dates inclusive (the “Class Period”) the important January 17, 2025 Lead Plaintiff Deadline.
SO AND: If you have purchased Wolfspeed securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Wolfspeed class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=30954 or call Phillip Kim, Esq. to. Call us toll-free at 866-767-3653 or email cases@rosenlegal.com for class action information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must go to court no later than January 17, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified advisors who have a track record of success in leadership roles. Companies issuing notices often do not have comparable experience, resources, or significant peer recognition. Many of these firms do not actually litigate securities class actions, but are simply middlemen who refer clients or work with law firms that actually litigate the cases. Be wise when choosing your advisor. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. At that time, Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese company. Rosen Law Firm was Ranked No. 1 by the ISS Securities Class action (WA:) Services for the number of securities class action settlements in 2017. The company has ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named a Titan of Plaintiffs’ Bar by law360. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: The alleged allegations in this lawsuit involve Wolfspeed’s manufacturing facility in Mohawk Valley, New York. The lawsuit alleges that the defendants provided the public with sales projections that were dependent on the Mohawk Valley manufacturing facility increasing its production to meet and/or exceed demand for its 200mm wafer product.
According to the complaint, defendants made these predominantly positive statements to investors while simultaneously misrepresenting and/or concealing material negative facts about the actual status of Wolfspeed’s growth potential and, in particular, the operating status and profitability of the Mohawk Valley manufacturing facility. First, in order to meet its publicly stated projections, Wolfspeed would have to cancel or otherwise suspend indefinitely planned future projects such as the facility in Saarland, Germany. Second, Wolfspeed would have to lay off a significant portion of its workforce and close its manufacturing facility in Durham, North Carolina. When the true details came to light, the lawsuit says investors suffered harm.
To join the Wolfspeed class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=30954 or call Phillip Kim, Esq. to. Call us toll-free at 866-767-3653 or email cases@rosenlegal.com for class action information.
No class has been certified. Until a course is certified, you will not be represented by legal counsel unless you hire one. You can choose a lawyer of your choice. You can also remain an absent course participant at this point and do nothing. An investor’s ability to participate in any potential future recovery is not dependent on serving as lead plaintiff.
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