Security Investigation
Monolithic Power Systems, Inc. (NasdaqGS: MPWR)
7 Days left to seek lead plaintiff status.
Contact a Lawyer Now
Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until April 7, 2025 to file lead plaintiff applications in a securities class action lawsuit against Monolithic Power Systems, Inc. (NasdaqGS: MPWR.
Monolithic Power and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On November 11, 2024, Edgewater Research analysts published a report revealing that Nvidia, the Company’s largest customer, had cancelled half of its outstanding Monolithic Power orders and intended to eliminate Monolithic Power Systems’ allocation to most variants of its next-generation Blackwell chips due to “[p]erformance issues” with the Company’s products, and that Nvidia engineers had “lost confidence” in the Company’s products and decided to turn to its competitors as “primary suppliers.”
On this news, the price of Monolithic Power’s shares fell more than 17%.
If you purchased shares of Monolithic Power and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or fill out the form on this page.
The case is Waterford Township General Employees Retirement System v. Monolithic Power Systems, Inc., No. 25-cv-00220.