Take Action Now: Join the Class Action Against Vicor Corporation
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Class Action Notice for Vicor Corporation Shareholders
The Gross Law Firm has issued an important notice to shareholders of Vicor Corporation (NASDAQ: VICR). If you purchased shares during the specified class period, you are encouraged to reach out to the firm for information regarding lead plaintiff appointments. It is essential to understand that appointments are not mandatory to participate in potential recoveries.
Key Information for Shareholders
Class Period: This class action involves shares purchased from April 26, 2023, to February 22, 2024. If you are among those shareholders, it is vital to act swiftly.
What Are the Allegations?
Throughout the class period, certain statements made by the company misrepresented its relationship with Nvidia Corporation regarding the H100 product deal. Initially, on October 24, 2023, Vicor did not address the significant deal. Later, on February 22, 2024, the company’s announcement of year-end earnings revealed a drastic decline in new contracts and sales, leading to a significant drop in share price by around 60% from nearly $100 per share.
Deadlines to Remember
Shareholders must register for the class action by September 23, 2024. This deadline is crucial to ensure your eligibility for recovery. Failure to act before this date may hinder your ability to participate.
Next Steps for Shareholders
Once registered as a shareholder who purchased shares of VICR during the specified period, you will gain access to portfolio monitoring software that keeps you informed about the status of your case throughout its development. There is no financial obligation or cost for participating in this case.
Why Choose The Gross Law Firm?
The Gross Law Firm stands as a nationally recognized team advocating for the rights of investors affected by misleading practices and fraud. The firm ensures companies adhere to ethical business standards and prioritizes recovery for investors misled by erroneous statements. Choosing The Gross Law Firm means partnering with professionals dedicated to securing justice for wronged shareholders.
How to Get in Touch
If you wish to contact The Gross Law Firm, you can find them at:
15 West 38th Street, 12th floor,
New York, NY 10018
Phone: (646) 453-8903
Frequently Asked Questions
What is the class action about?
The class action concerns false statements made by Vicor Corporation regarding a significant business deal, leading to stock price depreciation.
Who can join the class action?
Shareholders who purchased Vicor Corporation shares between April 26, 2023, and February 22, 2024, are eligible to join the class action suit.
How do I participate in this case?
To participate, contact The Gross Law Firm and register your information before the September 23, 2024 deadline.
What happens if I join the class action?
By joining, you will receive updates about the case and contribute to potential recovery efforts without any cost or obligation.
Why is there a deadline?
The deadline is essential to ensure timely processing of claims and to protect shareholders' rights in the class action.
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