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Monolithic Power Systems (MPWR) Shareholders Alert: Class Action Lawsuit & Deadline Announced by The Gross Law Firm

06 March, 2025 | 2 Min Read

tickers: NVDA

source: Benzinga

tickers affected by this

tickerpolaritywhy?
NVDAnegativelyNVDA may be negatively affected because the issues with Monolithic Power Systems’ voltage regulator modules and power management integrated circuits could lead to further performance problems and damage the relationship between Nvidia and Monolithic Power Systems, potentially impacting Nvidia’s product reliability and market reputation.

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summary

Monolithic Power Systems Inc. (MPWR) Shareholders Notified of Class Action Lawsuit

NEW YORK, March 6, 2025 — The Gross Law Firm has issued a notice to shareholders of Monolithic Power Systems Inc. (MPWR), alerting them to a class action lawsuit and an upcoming deadline. Shareholders who purchased MPWR shares during the specified class period are encouraged to contact the firm regarding potential lead plaintiff appointment. Class Period and Allegations The class period for the lawsuit is from February 8, 2024, to November 8, 2024. The complaint alleges that during this period, Monolithic Power Systems and its defendants issued materially false and/or misleading statements. Key allegations include significant performance and quality control issues with the company’s voltage regulator modules and power management integrated circuits. These issues are said to have negatively impacted the performance of products offered by Nvidia, a major customer, and damaged the relationship between the two companies. Deadline and Next Steps Shareholders are urged not to delay in registering for this class action. The deadline to seek lead plaintiff status is April 7, 2025. Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the case. There is no cost or obligation to participate. About The Gross Law Firm The Gross Law Firm is recognized for its class action litigation and commitment to protecting investor rights. The firm aims to ensure companies adhere to responsible business practices and engage in good corporate citizenship. They seek recovery for investors who have incurred losses due to false or misleading statements by companies.

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