Levi & Korsinsky Notifies Shareholders of Ultra Clean Holdings, Inc. (UCTT) of a Class Action Lawsuit and an Upcoming Deadline
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Levi & Korsinsky law firm has filed a class action securities lawsuit against Ultra Clean Holdings (UCTT) alleging securities fraud between May 6, 2024, and February 24, 2025. The lawsuit claims the company provided overly positive statements about demand in the Chinese market while concealing material adverse facts. On February 24, 2025, UCTT revealed 'demand softness' in China, causing its stock to drop over 28% in a single day.
March 31, 2025 | 6:15 pm
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The lawsuit alleges UCTT misrepresented its performance in the Chinese market, potentially exposing the company to significant legal and financial risks.
The lawsuit directly targets UCTT, alleging securities fraud. The significant stock price drop and potential legal damages could negatively impact investor sentiment and the company's financial standing.
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