Investors in Ultra Clean Holdings, Inc. Should Contact The Gross Law Firm Before May 23, 2025 to Discuss Your Rights – UCTT
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The Gross Law Firm has issued a notice to Ultra Clean Holdings (UCTT) shareholders regarding a potential class action lawsuit. The lawsuit alleges that the company provided materially false and misleading statements about demand in the Chinese market during the period from May 6, 2024 to February 24, 2025. On February 24, 2025, UCTT revealed 'demand softness' in China, causing its stock price to drop over 28% in a single day, from $36.06 to $25.90.
March 31, 2025 | 5:30 pm
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The potential class action lawsuit alleges UCTT misrepresented its market position in China, potentially exposing the company to financial and reputational risks.
The lawsuit directly targets UCTT, alleging material misrepresentations about market demand. The significant stock price drop and potential legal consequences suggest negative short-term impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100