Class Action Lawsuit Filed Against Micron Technology, Inc.

NEW YORK, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a law firm known for its advocacy of stockholder rights, has announced that a class action lawsuit has been initiated against Micron Technology, Inc. ("Micron" or the "Company") under the NASDAQ symbol MU. This legal action is taking place in the United States District Court for the Southern District of Florida and is on behalf of all individuals and entities who purchased or acquired Micron securities between September 28, 2023, and December 18, 2024, inclusive (the "Class Period"). Those interested in joining the lawsuit have until March 10, 2025, to file a motion with the Court to be designated as lead plaintiff.

The complaint alleges that during the Class Period, the defendants made significant false and misleading statements concerning the Company’s business, operations, and future outlook. Specifically, it is claimed that the defendants failed to disclose crucial information, which included: (i) a marked decline in demand for Micron's products in consumer markets, notably its NAND products; (ii) that the extent of recovery in demand for Micron's products, particularly in consumer sectors, was overstated, including false claims regarding inventory normalization; and (iii) that public statements made by the Company were materially misleading throughout this time frame.

If you have invested in Micron shares and suffered any financial loss, or if you have any long-term holdings, this may affect your situation. Individuals who wish to learn more about the case, or who have questions concerning their rights or interests in regards to this lawsuit, are encouraged to reach out to Brandon Walker or Marion Passmore at Bragar Eagel & Squire, P.C. You can contact them via email at [email protected], call them at (212) 355-4648, or complete the provided contact form. There are no fees or obligations for these consultations.

About Bragar Eagel & Squire, P.C.

Bragar Eagel & Squire, P.C. is recognized nationally and has offices located in New York, California, and South Carolina. The firm represents both individual and institutional investors in various types of litigation including commercial, securities, derivative, and complex cases in both state and federal courts across the United States. To find out more about the firm’s services, please visit www.bespc.com. Please note that attorney advertising is involved and previous successes do not guarantee similar outcomes.

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