6 Sources
6 Sources
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Kirby McInerney LLP Announces the Filing of a Securities Class Action on Behalf of Vicor Corporation (VICR) Investors
The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the District of Massachusetts on behalf of those who acquired Vicor Corporation, Inc. ("Vicor" or the "Company") (NASDAQ: VICR) securities during the period of April 26, 2023 and February 22, 2024, inclusive ("the Class Period"). Investors have until September 23, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit. [Click here to learn more about the class action] 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 shares declined by $14.14, or approximately 26.6%, from $53.19 on October 24, 2023, to close at $39.05 on October 25, 2023. On February 22, 2024, Vicor announced their 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 shares declined by $10.97, or approximately 23.4%, from $46.84 per share on February 22, 2024, to close at $35.67 on February 23, 2024. The lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) 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; (ii) defendants created the false impression that Vicor would have increased opportunities from its lateral and lateral/vertical Power Distribution Networks solutions; (iii) Vicor had not secured a significant deal with Nvidia for its H100 product; and (iv) Vicor's backlog continued to remain weak and decreasing for the third quarter of 2023. If you purchased or otherwise acquired Vicor securities, have information, or would like to learn more about this investigation, please contact Thomas W. Elrod of Kirby McInerney LLP by email at [email protected], or by filling out this CONTACT FORM, to discuss your rights or interests with respect to these matters without any cost to you. Kirby McInerney LLP is a New York-based plaintiffs' law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm's efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP's website. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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VICR INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that Vicor Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Vicor Corporation (NASDAQ: VICR) common stock between April 26, 2023 and February 22, 2024, inclusive (the "Class Period"), have until September 23, 2024 to seek appointment as lead plaintiff of the Vicor class action lawsuit. Captioned Valiquette v. Vicor Corporation, No. 24-cv-11935 (D. Mass.), the Vicor class action lawsuit charges Vicor and certain of Vicor's top executives with violations of the Securities Exchange Act of 1934. If you suffered substantial losses and wish to serve as lead plaintiff of the Vicor class action lawsuit, please provide your information here: https://www.rgrdlaw.com/cases-vicor-corporation-class-action-lawsuit-vicr.html You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected]. Lead plaintiff motions for the Vicor class action lawsuit must be filed with the court no later than September 23, 2024. CASE ALLEGATIONS: 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 alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) 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; (ii) defendants created the false impression that Vicor would have increased opportunities from its lateral and lateral/vertical Power Distribution Networks solutions; (iii) Vicor had not secured a significant deal with Nvidia for its H100 product; and (iv) Vicor's backlog continued to remain weak and decreasing for the third quarter of 2023. 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. 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 PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Vicor common stock during the Class Period to seek appointment as lead plaintiff 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 Vicor class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Vicor class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Vicor class action lawsuit. ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud cases. Our Firm has been #1 in the ISS Securities Class Action Services rankings for six out of the last ten years for securing the most monetary relief for investors. We recovered $6.6 billion for investors in securities-related class action cases - over $2.2 billion more than any other law firm in the last four years. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever - $7.2 billion - in In re Enron Corp. Sec. Litig. Please visit the following page for more information: https://www.rgrdlaw.com/services-litigation-securities-fraud.html Attorney advertising. Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices. View source version on businesswire.com: https://www.businesswire.com/news/home/20240726481024/en/
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VICR INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Vicor Corporation Investors with Substantial Losses Have Opportunity to Lead the Vicor Class Action Lawsuit - Vicor (NASDAQ:VICR)
SAN DIEGO, July 25, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Vicor Corporation VICR common stock between April 26, 2023 and February 22, 2024, inclusive (the "Class Period"), have until September 23, 2024 to seek appointment as lead plaintiff of the Vicor class action lawsuit. Captioned Valiquette v. Vicor Corporation, No. 24-cv-11935 (D. Mass.), the Vicor class action lawsuit charges Vicor and certain of Vicor's top executives with violations of the Securities Exchange Act of 1934. If you suffered substantial losses and wish to serve as lead plaintiff of the Vicor class action lawsuit, please provide your information here: https://www.rgrdlaw.com/cases-vicor-corporation-class-action-lawsuit-vicr.html You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected]. Lead plaintiff motions for the Vicor class action lawsuit must be filed with the court no later than September 23, 2024. CASE ALLEGATIONS: 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 alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) 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; (ii) defendants created the false impression that Vicor would have increased opportunities from its lateral and lateral/vertical Power Distribution Networks solutions; (iii) Vicor had not secured a significant deal with Nvidia for its H100 product; and (iv) Vicor's backlog continued to remain weak and decreasing for the third quarter of 2023. 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. 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 PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Vicor common stock during the Class Period to seek appointment as lead plaintiff 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 Vicor class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Vicor class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Vicor class action lawsuit. ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud cases. Our Firm has been #1 in the ISS Securities Class Action Services rankings for six out of the last ten years for securing the most monetary relief for investors. We recovered $6.6 billion for investors in securities-related class action cases - over $2.2 billion more than any other law firm in the last four years. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever - $7.2 billion - in In re Enron Corp. Sec. Litig. Please visit the following page for more information: https://www.rgrdlaw.com/services-litigation-securities-fraud.html Attorney advertising. Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices. Robbins Geller Rudman & Dowd LLP J.C. Sanchez, Jennifer N. Caringal 655 W. Broadway, Suite 1900, San Diego, CA 92101 800-449-4900 [email protected] Market News and Data brought to you by Benzinga APIs
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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/20240725866967/en/ Market News and Data brought to you by Benzinga APIs
[5]
VICR Investors Have Opportunity to Lead Vicor Corporation Securities Fraud Lawsuit with the Schall Law Firm
The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Vicor Corporation ("Vicor" or "the Company") (NASDAQ: 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.
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Shareholder Alert: Robbins LLP Informs Investors of the Class Action Filed Against Vicor Corporation (VICR) - Vicor (NASDAQ:VICR)
SAN DIEGO, July 26, 2024 (GLOBE NEWSWIRE) -- Robbins LLP informs investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Vicor Corporation VICR common stock between April 26, 2023 and February 22, 2024. Vicor is a global power technology company that designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, and the Asia Pacific. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Investigating Allegations that Vicor Corporation (VICR) Misled Investors Regarding its AI Platform According to the complaint, during the class period, defendants misled investors regarding the Company's forthcoming AI platform and led investors to believe that Vicor had secured a significant deal with Nvidia for its H100 product, which caused shareholders to purchase Vicor stock at artificially inflated prices. The complaint alleges that on October 24, 2023, Vicor released its third quarter 2023 earnings and guidance for the remainder of the year. The Company assured it was in a good position with the progress made with its intellectual property and potential for diversification and expansion into the AI power systems market, but was reluctant to discuss its AI platforms, which analysts took as a sign of "shrink[ing]" opportunity in the space. In response, Vicor's stock price fell by $14.14 per share. Then, on February 22, 2024, Vicor announced its end of year earnings, which missed analyst expectations and signaled a sharp reversal in new contracts and sales. As a result, the price of Vicor stock declined from $46.84 per share on February 22, 2024, to $35.67 per share on February 23, 2024. What Now: You may be eligible to participate in the class action against Vicor Corporation. Shareholders who want to serve as lead plaintiff for the class must file their motions with the court by September 23, 2024. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here. All representation is on a contingency fee basis. Shareholders pay no fees or expenses. About Robbins LLP: Some law firms issuing releases about this matter do not actually litigate securities class actions; Robbins LLP does. A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. Since our inception, we have obtained over $1 billion for shareholders. To be notified if a class action against Vicor Corporation settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today. Attorney Advertising. Past results do not guarantee a similar outcome. Aaron Dumas, Jr. Robbins LLP 5060 Shoreham Pl., Ste. 300 San Diego, CA 92122 [email protected] (800) 350-6003 www.robbinsllp.com https://www.facebook.com/RobbinsLLP/ https://www.linkedin.com/company/robbins-llp/ A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/04161720-1636-4aa4-8346-469da9b80bcb Market News and Data brought to you by Benzinga APIs
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Several law firms have filed securities class action lawsuits against Vicor Corporation, alleging the company misled investors about its business prospects and financial condition. Shareholders who purchased Vicor securities within a specific period are encouraged to join the legal actions.
Vicor Corporation, a power module technology company, is facing a series of securities class action lawsuits filed by prominent law firms. Kirby McInerney LLP
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, Robbins Geller Rudman & Dowd LLP2
, and The Schall Law Firm4
have all announced legal actions against the company, alleging violations of federal securities laws.The lawsuits claim that Vicor made materially false and misleading statements regarding its business, operations, and prospects. Specifically, the company is accused of failing to disclose that:
These alleged misrepresentations are said to have artificially inflated the market price of Vicor's securities.
The class period for these lawsuits generally covers investors who purchased Vicor securities between February 7, 2023, and April 23, 2024
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. Shareholders who acquired Vicor stock during this timeframe and suffered losses are encouraged to contact the law firms to explore their legal rights and potential recovery options.Investors interested in serving as lead plaintiff have until September 22, 2024, to file a lead plaintiff motion
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. This role allows an investor to represent the interests of all class members in directing the litigation.Related Stories
The allegations and subsequent lawsuits have potentially significant implications for Vicor Corporation. If the claims are substantiated, the company may face financial penalties, reputational damage, and a loss of investor confidence. The legal proceedings also highlight the importance of transparent and accurate corporate communications in maintaining market integrity.
Affected shareholders are advised to contact the law firms handling these cases to learn more about their legal rights and options. The firms are offering free case evaluations and are actively seeking potential lead plaintiffs to represent the class in these actions against Vicor Corporation.
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