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WOLF Investor Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Investors of Securities Fraud Class Action Lawsuit Filed Against Wolfspeed, Inc. (WOLF)

By: TheNewswire.com
<div><p>RADNOR, PA - (<a href="https://www.newmediawire.com">NewMediaWire</a>) - December 30, 2024 - The law firm of <a href="https://www.ktmc.com/new-cases/wolfspeed-inc?utm_source=PR&amp;utm_medium=link&amp;utm_campaign=wolf&amp;mktm=r">Kessler Topaz Meltzer &amp; Check, LLP</a> (<a href="http://www.ktmc.com">www.ktmc.com</a>) informs investors that a securities class action lawsuit has been filed against Wolfspeed, Inc. (&ldquo;Wolfspeed&rdquo;) (NYSE: WOLF) on behalf of those who purchased or otherwise acquired Wolfspeed securities between August 16, 2023, and November 6, 2024, inclusive (the &ldquo;Class Period&rdquo;). <strong>The lead plaintiff deadline is January 17, 2025.</strong></p> <figure align="left" style="width: 240px; max-width: 100%; margin-bottom: 20px; float: left; margin-right: 20px;"><img src="http://newmediawire.s3.amazonaws.com/677196a4da846f3dd31a4a48_1" alt="" width="240" style="width: 240px; max-width: 100%; height: auto;" /></figure> <p><strong>CONTACT KESSLER TOPAZ MELTZER &amp; CHECK, LLP:<br /></strong><strong>If you suffered Wolfspeed losses, you may</strong> <a href="https://www.ktmc.com/new-cases/wolfspeed-inc?utm_source=PR&amp;utm_medium=link&amp;utm_campaign=wolf&amp;mktm=r"><strong>CLICK HERE</strong></a><strong> or go to: </strong><a href="https://www.ktmc.com/new-cases/wolfspeed-inc?utm_source=PR&amp;utm_medium=link&amp;utm_campaign=wolf&amp;mktm=r">https://www.ktmc.com/new-cases/wolfspeed-inc?utm_source=PR&amp;utm_medium=link&amp;utm_campaign=wolf&amp;mktm=r</a></p> <p><strong>You can also contact attorney </strong><a href="https://ktmc.com/people/jon-naji"><strong>Jonathan Naji, Esq.</strong></a><strong> </strong><strong>by calling (484) 270-1453 or by email at </strong><a href="mailto:info@ktmc.com"><strong>info@ktmc.com</strong></a><strong>. </strong></p> <p><strong>DEFENDANTS&rsquo; ALLEGED MISCONDUCT:<br /></strong>The complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Wolfspeed&rsquo;s optimistic claims of potential growth of its Mohawk Valley fabrication facility and general demand for Wolfspeed&rsquo;s 200mm wafers in the electronic vehicle market fell short of reality; and (2) Wolfspeed had overstated demand for its key product and placed undue reliance on purported design wins while the Mohawk Valley facility&rsquo;s growth had begun to taper before recognizing the $100 million revenue per quarter allegedly achievable with only 20% utilization of the fabrication, let alone the promised $2 billion revenue purportedly achievable by the facility.</p> <p>Please <a href="https://youtu.be/zMLfnSRjg2Y"><strong>CLICK HERE</strong></a> to view our video or copy and paste this link into your browser: <a href="https://youtu.be/zMLfnSRjg2Y">https://youtu.be/zMLfnSRjg2Y</a></p> <p><strong>THE LEAD PLAINTIFF PROCESS:<br /></strong>Wolfspeed<strong><em> </em></strong>investors may, <strong><em>no later than January 17, 2025,</em></strong> seek to be appointed as a lead plaintiff representative of the class through <a href="https://www.ktmc.com/new-cases/wolfspeed-inc?utm_source=PR&amp;utm_medium=link&amp;utm_campaign=wolf&amp;mktm=r">Kessler Topaz Meltzer &amp; Check, LLP</a> or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation.&nbsp; 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 affected by the decision of whether or not to serve as a lead plaintiff.</p> <p><a href="https://www.ktmc.com">Kessler Topaz Meltzer &amp; Check, LLP</a> encourages Wolfspeed investors who have suffered significant losses to contact the firm directly to acquire more information.</p> <p><strong>ABOUT KESSLER TOPAZ MELTZER &amp; CHECK, LLP:<br /></strong><a href="https://www.ktmc.com/new-cases/wolfspeed-inc?utm_source=PR&amp;utm_medium=link&amp;utm_campaign=wolf&amp;mktm=r">Kessler Topaz Meltzer &amp; Check, LLP</a> prosecutes class actions in state and federal courts throughout the country and around the world.&nbsp; The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaints in this action were not filed by Kessler Topaz Meltzer &amp; Check, LLP. For more information about <a href="https://www.ktmc.com/new-cases/wolfspeed-inc?utm_source=PR&amp;utm_medium=link&amp;utm_campaign=wolf&amp;mktm=r">Kessler Topaz Meltzer &amp; Check, LLP</a> please visit <a href="http://www.ktmc.com">www.ktmc.com</a>.</p> <p><strong>CONTACT:<br /></strong>Kessler Topaz Meltzer &amp; Check, LLP<br />Jonathan Naji, Esq.<br />(484) 270-1453<br />280 King of Prussia Road<br />Radnor, PA 19087<br /><a href="mailto:info@ktmc.com">info@ktmc.com</a></p> <p>May be considered attorney advertising in certain jurisdictions.&nbsp; Past results do not guarantee future outcomes.</p><p class="nmw_link">View the original release on <a href="https://www.newmediawire.com/nmw_release/?rid=677196a4da846f3dd31a4a48/wolf-investor-reminder-kessler-topaz-meltzer-check-llp-reminds-investors-of-securities-fraud-class-action-lawsuit-filed-against-wolfspeed-inc-wolf">www.newmediawire.com</a></p></div>
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