Rosen Law Firm Announces Class Action for Micron Technology Investors

NEW YORK, Jan. 16, 2025 (GLOBE NEWSWIRE) -- The Rosen Law Firm, a prominent global investor rights law firm, has initiated a class action lawsuit on behalf of individuals who purchased common stock of Micron Technology, Inc. (NASDAQ: MU) during the period from September 28, 2023, to December 18, 2024, both dates inclusive (the "Class Period"). Investors interested in serving as lead plaintiffs in this lawsuit must file their motions in court by March 10, 2025.

Eligibility for Compensation: If you acquired shares of Micron during the Class Period, you might be eligible for compensation without incurring any out-of-pocket expenses, thanks to a contingency fee arrangement.

Next Steps for Investors: To participate in the Micron class action, visit this link or reach out to Phillip Kim, Esq. at 866-767-3653 or via email at [email protected] for additional information regarding the class action. If you intend to act as a lead plaintiff, be aware that your motion must be submitted to the court by March 10, 2025. A lead plaintiff serves as a representative for other class members and oversees the progress of the litigation.

Why Choose Rosen Law Firm: Investors are advised to select legal counsel that has a proven track record in successful litigation. Many firms that issue notices may lack experience or recognition in this field. The Rosen Law Firm has a strong focus on investor rights, particularly in securities class actions and shareholder derivative litigations. It secured the largest securities class action settlement against a Chinese company at that time and has consistently ranked among the top legal firms for securities class action settlements since 2013. In 2019, the firm facilitated the recovery of over $438 million for investors and has seen its founding partner Laurence Rosen named a Titan of the Plaintiffs' Bar by Law360.

Case Details: The allegations in the lawsuit suggest that throughout the Class Period, the defendants made several false and misleading statements, as well as omitted crucial information. Specifically, it is claimed that: (1) there was a significant decline in demand for Micron's products, particularly in the NAND sector; (2) the defendants had exaggerated the recovery in demand for Micron's products in consumer markets, especially those involving NAND products—re-writeable semiconductor storage devices known for their capacity, cost-effectiveness, and performance; and (3) as a result, Micron's public statements were materially misleading. Investors have reportedly suffered damages once the factual details became known to the public.

To become a part of the Micron class action, please visit this link or call Phillip Kim, Esq. at 866-767-3653 or email [email protected] for guidance on the class action.

Important Note: A class has not yet been certified. Until certification is granted, you are not represented by counsel unless you engage one. Investors also have the option to remain as absent class members without taking any current action. A potential recovery isn't contingent on serving as a lead plaintiff.

For updates, follow the Rosen Law Firm on LinkedIn, Twitter, or Facebook.

Attorney Advertising. Previous outcomes do not guarantee similar results.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll-Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

lawsuit, investors, classaction