September 16, 2024
A shocking class action lawsuit has been filed against Vicor Corporation VICR a global power technology company leaving investors stunned and searching for answers The lawsuit filed by Robbins Geller Rudman Dowd LLP alleges that Vicor and its top executives made false and or misleading statements to investors during a specified class period
The lawsuit which is captioned Valiquette v Vicor Corporation No 24-cv-11935 D Mass aims to hold Vicor accountable for its allegedly deceitful conduct and seeks damages on behalf of affected investors who purchased Vicor common stock between April 26 2023 and February 22 2024 inclusive
The Allegations
Vicor Corporation is a global power technology company that designs develops manufactures and markets modular power components and power systems for converting electrical power The company s products are used in a wide range of high-power applications including electric vehicles data centers and aerospace
However according to the lawsuit Vicor created the false impression that its differentiated technology for high-power applications was gaining significant traction and driving revenue growth Defendants allegedly made false and or misleading statements to investors during the class period regarding the company s business operations and financial performance
Consequences for Investors
As a result of Vicor s alleged wrongdoing investors who purchased the company s common stock during the class period may have suffered substantial losses The lawsuit seeks to hold Vicor and its executives accountable for their allegedly deceitful conduct and to recover damages on behalf of affected investors
Lead Plaintiff Opportunity
If you purchased Vicor common stock during the class period and suffered substantial losses you may be eligible to serve as a lead plaintiff in the lawsuit The lead plaintiff will play a critical role in shaping the litigation and advocating for the rights of affected investors
To be considered for appointment as lead plaintiff investors must have purchased Vicor common stock during the class period and suffered substantial losses Investors who wish to serve as lead plaintiff must also demonstrate that they have a significant financial interest in the outcome of the litigation
How to Get Involved
If you believe you have a claim and wish to serve as lead plaintiff please contact attorneys J C Sanchez or Jennifer N Caringal of Robbins Geller by calling 800 449-4900 or via e-mail at info@rgrdlaw com You can also provide your information on the law firm s website at https www rgrdlaw com cases-vicor-corporation-class-action-lawsuit-vicr html
Don t miss your opportunity to hold Vicor and its executives accountable for their allegedly deceitful conduct If you suffered substantial losses after investing in Vicor common stock act now to seek justice and recover your losses
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