Investors Urged to Act Before Wolfspeed Class Action Deadline

New York, New York—The Rosen Law Firm, known for its focus on investor rights, is alerting individuals who purchased securities from Wolfspeed, Inc. (NYSE: NYSE:) during the period from August 16, 2023, to November 6, 2024, about an important upcoming deadline. Investors should take notice of the January 17, 2025, deadline to serve as lead plaintiff in a class action suit.

This is a significant opportunity for shareholders. If you purchased Wolfspeed securities during the specified period, you might qualify for compensation at no direct cost to you, thanks to a contingency fee arrangement.

Action Steps for Investors

To participate in the class action, interested parties can visit this link, or contact Phillip Kim, Esq. at 866-767-3653 for more details. It is important to note that a class action lawsuit has already been initiated. If you want to be recognized as a lead plaintiff, it is essential to file your motion with the court by January 17, 2025.

Why Choose Rosen Law Firm

Investors are encouraged to select legal counsel that has a proven history of success in securities class actions. Many firms that send out notices may not possess the necessary experience, resources, or reputation required for effectively handling such cases. The Rosen Law Firm represents clients worldwide with a focus on securities class actions and has secured hundreds of millions of dollars for investors. In fact, their past successes include the largest securities class action settlement against a Chinese company at that time.

Brief Overview of the Lawsuit

The lawsuit centers on claims regarding Wolfspeed's fabrication facility in Mohawk Valley, New York. Allegations suggest that company representatives provided overly optimistic revenue projections based on the facility's ability to meet demand for its 200mm wafer product. However, these assertions concealed serious operational challenges and potential setbacks, such as the need to halt planned projects and significant layoffs.

Stay Informed

For ongoing updates on this case and other related news, follow Rosen Law Firm on LinkedIn, Twitter, or Facebook.

Note that no class has been certified yet. Until that time, individual investors are not represented in court unless they choose to hire legal counsel. Investors are free to remain passive members of the class if they prefer.

Wolfspeed, ClassAction, Investment