New York, New York–(Newsfile Corp. – January 11, 2025) – WHY: The Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Wolfspeed, Inc. (NYSE: NYSE: ) between August 16, 2023 and November 6, 2024, both dates inclusive (the “Class Period”), in material January 17, 2025 leads the plaintiff’s deadline.

WHATEVER: If you purchase Wolfspeed securities you may be entitled to compensation free of any out-of-pocket fees or expenses through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Wolfspeed class action, go to https://rosenlegal.com/submit-form/?case_id=30954 or call Phillip Kim, Esq. toll free at 866-767-3653 or email [email protected] for class action information. A class action lawsuit has been filed. If you want to serve as the lead plaintiff, you must move the Court no later than January 17, 2025. A lead plaintiff is a representative party acting on behalf of other class members in the conduct of litigation.

WHY ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Often, the companies issuing the notices do not have the same experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen who refer clients or partners to the law firms that actually litigate the cases. Be wise in choosing advice. The Rosen Law Firm represents investors worldwide, concentrating its practice in securities class actions and shareholder derivative litigation. The Rosen Law Firm achieved the largest securities class action settlement against a Chinese Company at that time. The Rosen Law Firm is ranked No. 1 in the ISS Securities Class action (WA:) Services for the number of securities class action settlements in 2017. The company has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the company earned over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

CASE DETAILS: The alleged representations in this action concern Wolfspeed’s Mohawk Valley, New York manufacturing facility. The complaint alleges that the defendants provided the public with revenue projections that depended on the Mohawk Valley manufacturing facility ramping up its production to meet and/or exceed demand for its 200mm wafer product.

According to the lawsuit, the defendants made these overly positive statements to investors while simultaneously misrepresenting and/or concealing material adverse facts about the true state of Wolfspeed’s growth potential and, specifically, the operational status and profitability of the Mohawk Valley manufacturing facility. First, to meet its publicly stated projections, Wolfspeed will have to cancel or otherwise suspend planned future projects such as the facility in Saarland, Germany. Second, Wolfspeed had to lay off a significant portion of its workforce and close its manufacturing facility in Durham, North Carolina. When the true details entered the market, the lawsuit claims that investors suffered damage.

To join the Wolfspeed class action, go to https://rosenlegal.com/submit-form/?case_id=30954 or call Phillip Kim, Esq. toll free at 866-767-3653 or email [email protected] for class action information.

No Class Verified. Until a class is certified, you are not represented by counsel unless you hold one. You can choose the advice you want. You can also stay out of class and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent on serving as the lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook (NASDAQ:): https :// /www.facebook.com/rosenlawfirm/.

Attorney Advertising. The first results do not guarantee a similar result.

—————————-

To view the original version of this press release, please visit https://www.newsfilecorp.com/release/236813