MU Investor Alert: Micron Technology Class Action Lawsuit Announced

NEW YORK, Jan. 12, 2025 (GLOBE NEWSWIRE) -- Attorney Advertising -- The law firm Bronstein, Gewirtz & Grossman, LLC, known for its representation of investors, has announced a class action lawsuit against Micron Technology, Inc. ("Micron" or "the Company") and certain of its officers.

Class Action Overview

This lawsuit is initiated to recover damages for alleged violations of federal securities laws on behalf of all individuals and entities who purchased or otherwise acquired Micron securities from September 28, 2023, to December 18, 2024 (the "Class Period"). Investors interested in joining this lawsuit can find more information by visiting the law firm's website: bgandg.com/MU.

Details of the Case

The filed Complaint alleges that the Defendants made numerous materially false and misleading statements concerning the Company's business and future prospects. Key allegations include (1) a significant decline in demand for Micron's products, particularly in the consumer market for NAND products; (2) an exaggeration of the demand recovery for these products, which affected how the public viewed the Company's inventory normalization; and (3) the conclusion that Micron's public statements were misleading throughout the relevant period.

Next Steps for Investors

A class action was filed, and investors can access the Complaint through the law firm's website. Interested parties should contact Peretz Bronstein, Esq. or Nathan Miller at Bronstein, Gewirtz & Grossman, LLC via phone at 332-239-2660. If you have incurred losses due to your investment in Micron, you have until March 10, 2025, to request to be appointed as the lead plaintiff. It's important to note that you can still participate in any recovery even if you do not serve as lead plaintiff.

No Cost Representation

The law firm operates on a contingency fee basis, meaning that they only seek reimbursement for expenses and attorneys' fees if they succeed in recovering funds for investors.

About the Law Firm

Bronstein, Gewirtz & Grossman, LLC has gained recognition for representing investors in securities fraud class actions and shareholder derivative lawsuits. The firm has a notable track record, having recovered hundreds of millions of dollars for their clients nationwide.

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Contact Information

For further inquiries, reach out to Bronstein, Gewirtz & Grossman, LLC. You can contact Peretz Bronstein or Nathan Miller at 332-239-2660 or via email at [email protected].

lawsuit, investors, Micron