LOS ANGELES, California / ACCESSWIRE / November 21, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Wolfspeed, Inc. (“Wolfspeed” or “the Company”) (NYSE: WOLF) for violations of Section 10( b) and 20(a). ) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the United States Securities and Exchange Commission.

Investors who purchased the Company’s securities between August 16, 2023 and November 6, 2024, inclusive (the “Class Period”) are encouraged to contact the Company before January 17, 2025.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also contact us via the firm’s website at www.schallfirm.comor by email to [email protected].

In this case, the class has not yet been certified and until certification is obtained, you are not represented by an attorney. If you choose to do nothing, you may remain an absent class member.

According to the complaint, the company made false and misleading statements to the market. Wolfspeed misled the market with revenue projections that relied on its Mohawk Valley manufacturing plant meeting demand for its 200mm wafers. The company later lowered its projections, saying demand was “growing more slowly than initially expected” as “electric vehicle customers revise their launch timelines as the market evolves during this transition period.” Based on these facts, the Company’s public statements were false and misleading throughout the Class Period. When the market learned the truth about Wolfspeed, investors suffered damage.

Join the deal to recover your losses.

The Schall Law Firm represents investors throughout the world and specializes in securities class actions and shareholder rights litigation.

This press release may be considered attorney advertising in some jurisdictions under applicable law and rules of professional conduct.

CONTACT:

Schall Law Firm

Brian Schall, esq.,

www.schallfirm.com

Office: 310-301-3335

[email protected]

SOURCE: Schall Law Firm

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