PR Newswire
SAN DIEGO, Feb. 21, 2025 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Semtech Corporation (NASDAQ: SMTC) securities between August 27, 2024 and February 7, 2025, inclusive (the "Class Period"), have until April 22, 2025 to seek appointment as lead plaintiff of the Semtech class action lawsuit. Captioned Kleovoulos v. Semtech Corporation, No. 25-cv-01474 (C.D. Cal.), the Semtech class action lawsuit charges Semtech and certain of Semtech's top executives with violations of the Securities Exchange Act of 1934.
LOS ANGELES, Feb. 20, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Semtech Corporation ("Semtech" or "the Company") (NASDAQ: SMTC) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Semtech announced on February 7, 2025, that it expects sales of CopperEdge products to fall below the $50 million level it had previously considered as a floor. The Company blamed its poor sales on the need to change its server rack architecture based on negative feedback from an important customer. Based on this news, shares of Semtech fell more than 31% on February 10, 2025.
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