Contact Timothy L. Miles today for a free case evaluation in the Vicor class action lawsuit
The Vicor class action lawsuit seeks to represent purchasers or acquirers of Vicor Corporation (NASDAQ: VICR) publicly traded securities between April 26, 2023 and February 22, 2024, inclusive (the “Class Period”). Captioned Valiquette v. Vicor Corporation, No. 24-cv-11935 (D. Mass.), the Vicor class action lawsuit seeks charges Vicor and certain of Vicor’s top executives with violations of the Securities Exchange Act of 1934.
Vicor is a global power technology company that designs, develops, manufactures, and markets modular power components and power systems for converting electrical power. The Vicor class action lawsuit can be summarized as follows: False Statements: The Vicor class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:
defendants created the false impression that Vicor’s differentiated technology for high power applications would ramp up a customer base for Vicor’s advanced products in AI;
defendants created the false impression that Vicor would have increased opportunities from its lateral and lateral/vertical Power Distribution Networks solutions;
Vicor had not secured a significant deal with Nvidia for its H100 product; and
Vicor’s backlog continued to remain weak and decreasing for the third quarter of 2023.
Reduction in Backlog:
The Vicor class action lawsuit further alleges that on October 24, 2023, Vicor revealed that “[w]ith the reduction in backlog, including overdue backlog, we are more dependent on turns orders, and that results in less visibility to our near-term outlook” and that “our current expectation is that revenue, gross margin, and operating expenses will be approximately flat sequentially.” On this news, the price of Vicor common stock fell nearly 27%, according to the complaint.
New Contracts and Sales
Then, on February 22, 2024, the Vicor class action lawsuit further alleges that Vicor revealed financial results for the fourth quarter that missed analyst expectations and signaled a sharp reversal in Vicor’s new contracts and sales. On this news, the price of Vicor common stock fell nearly 24%, according to the complaint.
THE LEAD PLAINTIFF DEADLINE IN THE vicor CLASS ACTION lawsuit
Lead plaintiff motions for the Vicor class action lawsuit must be filed with the court no later thanSeptember 23, 2024. When a securities class action is filed such as the Vicor class action lawsuit, the person who files the first complaint is required to publish a notice announcing the filing of the Vicor class action lawsuit. Anyone who wants to be lead plaintiff on behalf of the class must thereafter file a motion to be appointed as lead plaintiff(s) no later than 60 days after the notice was published.
THE LEAD PLAINTIFF PROCESS IN THE Vicor CLASS ACTION LAWSUIT
A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.
A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit.
An investor’s ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff.
ELIGIBILITY CRITERIA FOR LEAD PLAINTIFF APPOINTMENT in the vicor class action lawsuit
To be eligible for appointment as the lead plaintiff in the Vicor class action lawsuit, an investor must meet the following criteria:
Securities Acquisition: The investor must have purchased or acquired Vicor securities during the Class Period, spanning April 26, 2023, to February 22, 2024.
Financial Losses: The investor must have suffered financial losses as a direct result of the alleged securities fraud perpetrated by Vicor and its executives.
Typicality and Adequacy: The investor's legal claims must be typical of those asserted on behalf of the class, and they must demonstrate their ability to adequately represent the interests of the entire class through experience, resources, and the absence of conflicts of interest.
It is crucial to note that both domestic and international investors who meet these criteria are eligible to seek appointment as the lead plaintiff in the Vicor class action lawsuit, as courts have courts have consistently recognized the rights of non-U.S. investors in securities class actions.
LEGAL REQUIREMENTS FOR PREVAILING IN THE Vicor CLASS ACTION LAWSUIT
Instead, the attorney's fees and expenses are deducted from any settlement or judgment recovered on behalf of the class, typically as a court-approved percentage of the total recovery.
This arrangement ensures that investors can pursue their legal rights without bearing the financial burden of costly litigation
As the attorneys assume the risk and only receive compensation if they achieve a successful outcome for the class.
FREQUENTLY ASKED QUESTIONS ABOUT THE VICOR CLASS ACTION LAWSUIT
Can I serve as a lead plaintiff in the class action against Vicor if I purchases shares outside of the class period?
No. Even if you suffered losses in Vicor stock, if you purchased securities outside of the Class period, you will not be able to participate in the Vicor class actionlawsuit.
Can I serve as a lead plaintiff in the class action against Verve Therapeutics if I am serving as lead plaintiff in another securities fraud case?
Yes, unless you have been a lead plaintiff in more than five securities class actions during any three-year period which is expressly prohibited by the securities laws. Otherwise, if you suffered losses in Vicor stock, you may move to be appointed lead plaintiff in the Vicor lawsuit.
Can the court appoint more than one lead plaintiff in the Verve Therapeutics class action lawsuit?
Yes, at its discretion the Court may appoint a person, entity, or group of persons and/or entities as Lead Plaintiffs in the Vicor class action lawsuit.
CONTACT Vicor STOCK LOSS LAWYER TODAY TIMOTHY L MILES TODAY ABOUT A Vicor CLASS ACTION LAWSUIT
If you suffered losses in Vicor stock, contact Vicor stock loss lawyer Timothy L. Miles today for a free case evaluation about a Vicor class action lawsuit. Call today and see what a Vicor stock loss lawyer could do for you if you suffered losses in Vicor stock. This will most likely be the only call you need to make. (855) 846–6529 or [email protected].
VICOR CLASS ACTION LAWSUIT VICOR STOCK LOSS LAWYER TIMOTHY L. MILES 300 CENTERVIEW DR, UNIT 247 BRENTWOOD, TN 27027 855-846-6528
FREE CASE EVALUATION: CLASS ACTION AGAINST VICOR If you suffered losses in Vicor stock, call Vicor stock loss lawyer Timothy L. Miles today for a free case evaluation about a Vicor class action lawsuit. 855-846-6528
Contact Timothy L. Miles today for a free case evaluation in the Vicor class action lawsuit
Call Vicor stock loss lawyer Timothy L. Miles today about the Vicor class action lawsuit
