Investor Alert: Micron Technology Faces Class Action Lawsuit

NEW YORK, Jan. 19, 2025 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a well-known law firm, has announced that a class action lawsuit has been initiated against Micron Technology, Inc. ("Micron" or "the Company") and certain of its officers.

Class Action Overview

This lawsuit is aimed at obtaining compensation for investors who have suffered losses due to alleged breaches of federal securities laws. It specifically concerns all individuals and entities who bought or acquired Micron securities from September 28, 2023, to December 18, 2024, a timeframe referred to as the "Class Period." Investors who meet these criteria are encouraged to visit the firm's website for more information: bgandg.com/MU.

Key Allegations

The legal complaint puts forth claims that the Defendants provided false or misleading information about Micron's business and its prospects. The allegations include that the Defendants claimed there was a strong demand for Micron's products, particularly its NAND products, while in reality, the demand had significantly declined. Additionally, the lawsuit asserts that the Company overstated how well their products were doing in consumer markets and exaggerated the recovery and sustainability of product demand. These misrepresentations resulted in the Company’s public statements being significantly misleading to investors throughout the Class Period.

Next Steps for Investors

A lawsuit has already been filed. Interested parties can review the Complaint by visiting the firm’s website at: bgandg.com/MU. Inquiries can also be directed to Peretz Bronstein or Nathan Miller at Bronstein, Gewirtz & Grossman, LLC by calling 332-239-2660. Investors who have incurred losses in Micron have until March 10, 2025, to apply for the Court to appoint them as lead plaintiffs. It’s important to note that to benefit from any potential recovery, one does not need to be the lead plaintiff.

No Fees Unless Successful

Bronstein, Gewirtz & Grossman, LLC operates on a contingency fee basis, which means they only collect legal fees if they successfully recover money for their clients. Clients will be reimbursed for expenses and attorney fees, typically a percentage of the total recovery, but only if the case is won.

About the Law Firm

Bronstein, Gewirtz & Grossman, LLC is recognized nationally for representing investors in class actions related to securities fraud and shareholder derivative suits. To date, the firm has recovered hundreds of millions of dollars for investors across the country.

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Contact Information

For further inquiries, please contact:

Bronstein, Gewirtz & Grossman, LLC

Peretz Bronstein or Nathan Miller

332-239-2660

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[email protected]

investors, lawsuit, Micron