ROSEN, A LEADING CLASSIFIED LAW FIRM, Encourages Wolfspeed, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before January 17th Important Securities Class Action Deadline

New York, New York — (Newsfile Corp. – January 8, 2025) – FOR WHAT: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Wolfspeed, Inc. (NYSE: NYSE: ) between August 16, 2023 and November 6, 2024, both dates inclusive (the “Class Period”), important January 17, 2025, the deadline of the main actor.

SO WHAT: If you purchased Wolfspeed securities, you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee agreement.

WHAT TO DO NEXT: To join the Wolfspeed class action, go to https://rosenlegal.com/submit-form/?case_id=30954 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information about the class action. A class action lawsuit has already been filed. If you want to serve as the main plaintiff, you must move the Court no later than January 17, 2025. A principal plaintiff is a representative party who acts on behalf of the other members of the class in conducting the litigation.

WHY ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Often, companies issuing notices do not have comparable experience, resources or significant peer recognition. Many of these firms do not actually litigate securities class actions, but are simply intermediaries who refer clients or partners with law firms that actually litigate cases. Be cautious in selecting counsel. The Rosen Law Firm represents investors around the globe, focusing its practice on securities class actions and shareholder derivative litigation. Rosen Law Firm has obtained the largest securities class action settlement against a Chinese Company at the time. Rosen Law Firm was ranked No. 1 by ISS Securities Class Action (WA:) Services for the number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company secured more than $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 Titan of Plaintiffs’ Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.

CASE DETAILS: The plaintiffs in this action relate to Wolfspeed’s Mohawk Valley, New York manufacturing facility. The complaint alleges that the defendants provided the public with revenue projections that depended on the Mohawk Valley manufacturing facility increasing its production to meet and/or exceed demand for its 200mm wafer product.

According to the lawsuit, the defendants provided these highly positive statements to investors while simultaneously falsifying and/or concealing adverse material facts regarding the true state of Wolfspeed’s growth potential and, in particular, the operational status and profitability of the Mohawk Valley manufacturing facility. First, to meet its publicly stated projections, Wolfspeed would have to cancel or otherwise indefinitely suspend planned future projects such as the facility in Saarland, Germany. Second, Wolfspeed would have to lay off a significant portion of its workforce and close its Durham, North Carolina factory. When the real details entered the market, the lawsuit claims that investors suffered damages.

To join the Wolfspeed class action, go to https://rosenlegal.com/submit-form/?case_id=30954 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information about the class action.

No Class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the advice of your choice. You can also be an absent class member and do nothing at this point. The investor’s ability to share in any potential future recovery is not dependent on serving as the lead actor.

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To view the source version of this press release, visit https://www.newsfilecorp.com/release/236554