Rosen Law Firm Warns Wolfspeed, Inc. Investors of Upcoming Deadline in Securities Class Action

NEW YORK, Jan. 05, 2025 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a well-respected global investor rights law firm, is reminding those who bought securities of Wolfspeed, Inc. (NYSE: WOLF) between August 16, 2023, and November 6, 2024 (the "Class Period"), about the critical January 17, 2025 lead plaintiff deadline.

SO WHAT: If you acquired Wolfspeed stocks during this period, you might be eligible for compensation without having to pay any upfront fees, thanks to a contingency fee arrangement.

WHAT TO DO NEXT: Those interested in joining the Wolfspeed class action can visit this link or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for further details. A class action lawsuit has already been initiated, and if you're considering stepping up as lead plaintiff, ensure you file your motion with the court by January 17, 2025. A lead plaintiff acts as a representative for other class members during the litigation process.

WHY ROSEN LAW: It is highly advisable for investors to choose qualified legal counsel with a proven history of success in prominent roles. Many firms sending notices may lack the necessary experience, resources, or recognition in their field. Several of these firms merely refer clients to actual litigators and do not engage actively in securities class actions. Selecting the right legal representation is crucial. The Rosen Law Firm aids investors globally, focusing on securities class actions and shareholder derivative litigation. The firm previously achieved a record settlement in a securities class action against a Chinese company and has consistently ranked among the top firms for securing settlements since 2013, recovering hundreds of millions of dollars for investors. In 2019 alone, the firm obtained over $438 million for its clients, and in 2020, founding partner Laurence Rosen was named one of Law360's Titans of the Plaintiffs' Bar.

DETAILS OF THE CASE: The lawsuit revolves around statements made regarding Wolfspeed's fabrication facility located in Mohawk Valley, New York. Allegations suggest that the company's projections relied on the facility ramping up production to meet demand for its 200mm wafer product.

According to the claims, the company provided optimistic statements to investors while failing to disclose critical negative facts about Wolfspeed's growth potential, particularly concerning the operational and financial status of the Mohawk Valley facility. For instance, to achieve the projections provided, Wolfspeed would likely need to cancel or postpone other planned facilities, such as the one in Saarland, Germany. Furthermore, it would necessitate significant workforce reductions and possibly closing its Durham, North Carolina fabrication facility. When the true details became known, investors reportedly experienced damages.

To contribute to the Wolfspeed class action, please visit this link or contact Phillip Kim, Esq. toll-free at 866-767-3653 or via email at [email protected] for more information.

No class has currently been certified. Until certification occurs, individuals are not represented by counsel unless they formally retain one. Investors can also choose to remain as absent class members and take no action right now, as participation in any potential recovery is not contingent upon serving as a lead plaintiff.

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Contact Information:

Laurence Rosen, Esq.

Phillip Kim, Esq.

The Rosen Law Firm, P.A.

275 Madison Avenue, 40th Floor

New York, NY 10016

Tel: (212) 686-1060

Toll Free: (866) 767-3653

Fax: (212) 202-3827

[email protected]

www.rosenlegal.com

Wolfspeed, lawsuit, investors