PR Newswire
LOS ANGELES
, March 4, 2025 /PRNewswire/ — The Law Offices of Frank R. Cruz announces that investors with losses related to Monolithic Power Systems Inc. (“Monolithic” or the “Company”) (NASDAQ: MPWR) have opportunity to lead the securities fraud class action lawsuit.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN MONOLITHIC POWER SYSTEMS INC. (MPWR), CLICK HERE
BEFORE APRIL 7, 2025 (THE LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.
What Is The Lawsuit About?
The complaint filed alleges that, between February 8, 2024 and November 8, 2024, Defendants failed to disclose to investors: (1) that Monolithic’s voltage regulator modules and power management integrated circuits were suffering from significant performance and quality control issues; (2) that the defects had, in turn, negatively impacted the performance of certain products offered by Nvidia in which such products were used; (3) that Monolithic had failed to adequately address and resolve known issues affecting the performance of the power management solutions the Company supplied to Nvidia; (4) that Monolithic’s relationship with Nvidia – the Company’s most important customer – had been irreparably damaged due to the significant performance and quality control problems affecting the products it supplied to Nvidia and the Company’s failure to adequately address such issues; and (5) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
The Law Offices of Frank R. Cruz,
Email us at: [email protected]
Call us at: 310-914-5007
Visit our website at: www.frankcruzlaw.com
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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SOURCE The Law Offices of Frank R. Cruz, Los Angeles
