RADNOR, PA – January 12, 2025 (NEWMEDIAWIRE) – The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Wolfspeed (NYSE :), Inc. (Wolfspeed) (NYSE: WOLF) for those who purchased or acquired securities of Wolfspeed between August 16, 2023, and November 6, 2024, inclusive (the Class Period). The lead complainant’s deadline is January 17, 2025.

CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:

If you lost to Wolfspeed, you can CLICK HERE or go to: https://www.ktmc.com/new-cases/wolfspeed-inc?utm_source=PR&utm_medium=link&utm_campaign=wolf&mktm=r

You may also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected].

DEFENDANTS ALLEGED MISCONDUCT:

The complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Wolfspeeds optimistic claims of potential growth at the facility to make it in the Mohawk Valley and the general demand for Wolfspeeds 200mm wafers in the electronic vehicle market fell into reality; and (2) Wolfspeed overstated demand for its core product and placed undue reliance on purported design gains as growth at the Mohawk Valley facilities began to taper before recognize the $100 million in revenue per quarter that is said to be achieved with only 20% fabrication utilization, let alone the promised $2 billion in revenue that the facility is said to achieve.

Please CLICK HERE to watch our video or copy and paste this link into your browser: https://youtu.be/zMLfnSRjg2Y

THE PLAINTIFF’S PRINCIPAL PROCESS:

Wolfspeed investors may, no later than January 17, 2025, seek to be appointed as the lead plaintiff class representative by Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain without class members. The lead plaintiff is a representative party who acts on behalf of all class members in managing the litigation. The lead plaintiff is usually the investor or a small group of investors who have the largest financial interest and who are also substantial and typical of the proposed class of investors. The lead plaintiff will select an attorney to represent the lead plaintiff and the class and these attorneys, if approved by the court, will be lead or class counsel. Your ability to share in any recovery is not affected by the decision whether or not to serve as a lead plaintiff.

Kessler Topaz Meltzer & Check, LLP encourages Wolfspeed investors who have suffered significant losses to contact the company directly for more information.

ABOUT KSSLER TOPAZ MELTZER & CHECK, LLP:

Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts nationwide and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by one common goal: protecting investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaints in this action were not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com.

CONTACT:

Kessler Topaz Meltzer & Check, LLP

Jonathan Naji, Esq.

(484) 270-1453

280 King of Prussia Road

Radnor, PA 19087

[email protected]

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