Kessler Topaz Meltzer & Check, LLP Announces Expiration Date in Wolfspeed, Inc. Securities Fraud Class Action by Investing.com

Radnor, Pennsylvania–(Newsfile Corp. – January 5, 2025) – Counsel at Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed filed against Wolfspeed (NYSE: ), Inc. (“Wolfspeed”) (NYSE: WOLF ) on behalf of those who purchased or otherwise acquired Wolfspeed securities between August 16, 2023 and November 6, 2024, inclusive (the “Class Period”). The main actor’s deadline is January 17, 2025.

Contact KESSLER TOPAZ MELTZER & CHECK, LLP:

If you have suffered losses Wolfspeed, you can CLICK HERE or go to: https://www.ktmc.com/new-cases/wolfspeed-inc?utm_source=PR&utm_medium=link&utm_campaign=wolf&mktm=r

You can also contact the lawyer Jonathan Naji, Esq. by calling (484) 270-1453 or by email at info@ktmc.com.

ASSUMED MISCONDUCT OF THE TAXPAYER:

The complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Wolfspeed’s optimistic claims of potential growth of its manufacturing facility Mohawk Valley and the general demand for Wolfspeed’s 200 mm wafers in the electronic vehicle market fell into reality; and (2) Wolfspeed had overestimated demand for its key product and placed undue reliance on alleged design wins while growth at the Mohawk Valley facility had begun to decline before recognizing the $100 million in revenue per quarter allegedly achievable with only 20% manufacturing utilization, let alone. only the promised revenues of $2 billion allegedly obtainable from the facility.

Please CLICK HERE to view our video or copy and paste this link into your browser: https://youtu.be/zMLfnSRjg2Y

THE APPRENTICESHIP PROCESS:

Wolfspeed investors can, no later than January 17, 2025, seek to be appointed as a principal representative of the class plaintiff through Kessler Topaz Meltzer & Check, LLP or another attorney, or may choose to do nothing and remain an absent class member. A principal plaintiff is a representative party who acts on behalf of all members of the class in conducting the litigation. The main actor is usually the investor or a small group of investors who have the greatest financial interest and who are also suitable and typical of the proposed class of investors. The lead plaintiff chooses an attorney to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision to serve or not as a lead actor.

Kessler Topaz Meltzer & Check, LLP encourages Wolfspeed investors who have suffered significant losses to contact the firm directly for more information.

About KESSLER TOPAZ MELTZER & CHECK, LLP:

Kessler Topaz Meltzer & Check, LLP pursues class actions in state and federal courts nationwide and around the world. The company has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by companies and fiduciaries. The claims in this action were not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP visit www.ktmc.com.

It may be considered attorney advertising in some jurisdictions. Past results do not guarantee future results.

To view the source version of this press release, visit https://www.newsfilecorp.com/release/235996