Monolithic Power (NASDAQ: MPWR) Deadline Approaching: Berger Montague Advises Investors of Deadline in Securities Fraud Lawsuit
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Berger Montague has filed a securities class action lawsuit against Monolithic Power Systems (MPWR) on behalf of investors who purchased shares between February 8 and November 8, 2024. The lawsuit stems from a report by Edgewater Research alleging that Nvidia cancelled half of its outstanding MPWR orders and plans to eliminate MPWR products from its next-generation Blackwell chips due to performance issues. This news caused MPWR's stock price to drop 15% from $761.30 to $647.31 per share.
March 28, 2025 | 12:45 pm
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NEGATIVE IMPACT
The securities lawsuit and reported Nvidia order cancellations could significantly impact MPWR's business reputation and financial performance, potentially affecting investor confidence.
The lawsuit and Nvidia's order cancellation suggest serious performance issues with MPWR's products, which could harm future business prospects and investor trust.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100