Micron Technology Faces Class Action Lawsuit

NEW YORK, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized law firm specializing in stockholder rights, has announced the filing of a class action lawsuit against Micron Technology, Inc. ("Micron" or the "Company") in the United States District Court for the Southern District of Florida. This lawsuit is on behalf of all individuals and entities who purchased or acquired Micron securities between September 28, 2023, and December 18, 2024, a period referred to as the "Class Period." Investors interested in participating have until March 10, 2025, to apply to the Court for the position of lead plaintiff in the lawsuit.

The complaint details that during the Class Period, the Defendants allegedly made materially false and misleading statements about Micron's business, operations, and future prospects. Key allegations include the claim that demand for Micron's products, particularly its NAND products, significantly declined, contrary to the positive statements made by Defendants regarding product demand and market recovery. Furthermore, the lawsuit suggests that the Company overstated the sustainability of demand for its products and misrepresented its inventory situation, leading to public statements that were proven to be materially false and misleading.

Investors who believe they have suffered losses due to the alleged misrepresentations or who have additional information about these claims are encouraged to reach out. Brandon Walker and Marion Passmore from Bragar Eagel & Squire, P.C. can be contacted via email at [email protected] or by phone at (212) 355-4648. Investors can also fill out a contact form for further inquiries. Importantly, there is no financial obligation for investors reaching out.

About Bragar Eagel & Squire, P.C.

Bragar Eagel & Squire, P.C. is well-known across the United States, with offices located in New York, California, and South Carolina. The firm advocates for individual and institutional investors in complex legal cases, including commercial, securities, and derivative litigation at both state and federal levels. For further details regarding the firm and its services, visit www.bespc.com. Note that this is attorney advertising, and prior results do not guarantee similar outcomes.

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For questions or to share any relevant experiences, interested parties are encouraged to reach out as soon as possible.

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