DEADLINE NEXT WEEK: Berger Montague Advises Monolithic Power (NASDAQ: MPWR) Investors to Contact the Firm Before April 7, 2025
PHILADELPHIA, April 3, 2025 /PRNewswire/ -- A securities class action lawsuit has been filed against Monolithic Power Systems, Inc. ("Monolithic Power" or the "Company") (NASDAQ: MPWR). The lawsuit has been filed on behalf of purchasers of Monolithic Power securities between February 8, 2024 and November 8, 2024, inclusive (the "Class Period").
CLICK HERE TO LEARN MORE ABOUT THIS LAWSUIT.
Investors who purchased or acquired MONOLITHIC POWER securities during the Class Period may, no later than APRIL 7, 2025, seek to be appointed as a lead plaintiff representative of the class.
Monolithic Power, headquartered in Kirkland, WA, is a provider of power management components used in electronic systems. Its largest customer is Nvidia Corporation, the world's leading supplier of GPUs.
On November 11, 2024, Edgewater Research published a report revealing that Nvidia had cancelled half of its outstanding Monolithic Power orders and intended to eliminate Monolithic Power products in its next-generation Blackwell chips due to "[p]erformance issues." The report further disclosed that Nvidia had "lost confidence" in Monolithic Power and had decided to turn to other suppliers.
On this news, the price of Monolithic Power shares fell $114 per share, or 15%, from a closing price of $761.30 per share on November 8, 2024 to a close of $647.31 per share on November 11, 2024.
For additional information or to learn how to participate in this litigation, please contact Berger Montague: Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015, or Peter Hamner at phamner@bm.net, or CLICK HERE.
A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel 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, however, affected by the decision whether or not to serve as a lead plaintiff. Communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the Court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member.
Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco and Chicago, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.
Contact:
Andrew Abramowitz, Senior Counsel
Berger Montague
(215) 875-3015
aabramowitz@bm.net
Peter Hamner
Berger Montague PC
phamner@bm.net
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SOURCE Berger Montague
