Press release
Investigation announced for Long-Term Investors in shares of Semtech Corporation (NASDAQ: SMTC) over potential Wrongdoing
An investigation on behalf of current long term investors in Semtech Corporation (NASDAQ: SMTC) shares.
Investors who are current long term investors in Semtech Corporation (NASDAQ: SMTC) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in (NASDAQ: SMTC stocks follows a lawsuit filed against Semtech Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: SMTC stocks, concerns whether certain Semtech Corporation directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges that, the Defendants failed to disclose to investors that its CopperEdge products did not meet the needs of its server rack customer or end users, that, as a result, the CopperEdge products required certain rack architecture changes, that, as a result of the foregoing, the Company's sales of CopperEdge products would not ramp-up during fiscal 2026, that, as a result, sales of CopperEdge products would be lower-than-expected, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Semtech Corporation (NASDAQ: SMTC) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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