NEW ORLEANS, Feb. 08, 2019 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until March 25, 2019 to file lead plaintiff applications in a securities class action lawsuit against Micron Technology, Inc. (NasdaqGS: MU), if they purchased the Company’s shares between the expanded period of September 26, 2017 and November 19, 2018, inclusive (the “Class Period”).  This action is pending in the United States District Court for the Southern District of New York.

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Micron investors should visit us at https://www.claimsfiler.com/cases/view-micron...tigation-1 or call toll-free (844) 367-9658.  Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

About the Lawsuit

Micron and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. 

On May 15, 2018, the Chinese State Administration for Market Regulation (“SAMR”) notified the Company of its investigation into anticompetitive conduct by electronic memory microchip suppliers.  On November 19, 2018, media reports revealed that SAMR had “found ‘massive evidence’ of anti-competitive behaviour” by Micron in a price-fixing conspiracy with Samsung Electronics and SK Hynix.

On this news, the price of Micron’s shares plummeted more than 7%.

The case is Kniffin v. Micron Technology Inc ., No. 19-cv-00678.

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