Vicor Corporation Faces Investor Lawsuits Amid Allegations of Securities Fraud

Vicor Corporation. Investors: Please contact the Portnoy Law Firm to recover your losses. September 23, 2024 Deadline to file Lead Plaintiff Motion - Vicor (NASDAQ:VICR)

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Sept. 23, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Vicor Corporation. ("Vicor" or the "Company") VICR investors of a class action representing investors that bought securities between April 26, 2023 and February 22, 2024, inclusive (the "Class Period"). Vicor investors have until September 23, 2024 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses. Case Allegations: Vicor is a global technology company specializing in power solutions, including the design, development, and manufacture of modular power components and systems for electrical power conversion. The Vicor class action lawsuit claims that during the Class Period, the defendants made false and misleading statements and failed to disclose crucial information, specifically: (i) they created the illusion that Vicor's advanced technology for high-power applications would significantly expand its customer base for AI products; (ii) they misrepresented the potential for increased opportunities from its lateral and lateral/vertical Power Distribution Networks solutions; (iii) Vicor had not secured a major deal with Nvidia for its H100 product; and (iv) Vicor's backlog was weak and declining for the third quarter of 2023. Additionally, the lawsuit alleges that on October 24, 2023, Vicor disclosed that "[w]ith the reduction in backlog, including overdue backlog, we are more dependent on turns orders, which 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." Following this announcement, Vicor's stock price plummeted nearly 27%, as stated in the complaint. On February 22, 2024, the lawsuit further alleges that Vicor reported fourth-quarter financial results that fell short of analyst expectations, indicating a significant decline in new contracts and sales. As a result, Vicor's stock price dropped nearly 24%, according to the complaint. Please visit our website to review more information and submit your transaction information. The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm's founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes. Lesley F. Portnoy, Esq. Admitted CA and NY Bar [email protected] 310-692-8883 www.portnoylaw.com Attorney Advertising Market News and Data brought to you by Benzinga APIs

VICR Investors Have Opportunity to Lead Vicor Corporation Securities Fraud Lawsuit with the Schall Law Firm - Vicor (NASDAQ:VICR)

The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Vicor Corporation ("Vicor" or "the Company") VICR for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between April 26, 2023 and February 22, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before September 23, 2024. If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected]. The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. According to the Complaint, the Company made false and misleading statements to the market. Vicor touted its AI capabilities and platform, leading investors to believe it had made a deal with Nvidia for its H100 product. Over the next few months, the Company continued to falsely represent to the market that a deal had been secured with Nvidia. Based on these facts, the Company's public statements were false and materially misleading. When the market learned the truth about Vicor, investors suffered damages. Join the case to recover your losses. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. View source version on businesswire.com: https://www.businesswire.com/news/home/20240923163253/en/ Market News and Data brought to you by Benzinga APIs