NEW YORK, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, announces an investigation of Wolfspeed, Inc. (NYSE: WOLF) for potential violations of the federal securities laws.
If you invested in Wolfspeed, you are encouraged to obtain additional information by visiting: https://rosenlegal.com/case/wolfspeed-inc/.
Why Did Wolfspeed’s Stock Drop?
On November 6, 2024, after market hours, Reuters published an article entitled “Chipmaker Wolfspeed projects revenue below estimates on weak auto demand, shares sink.” This article stated that Wolfspeed “forecast quarterly revenue below estimates on Wednesday and said it would book $174 million in restructuring charges for the planned closure of a facility, as the chipmaker deals with sluggish demand from automotive customers. [. . .] The company dropped plans last month to build a factory in Ensdorf, Germany, citing the slower adoption of EVs in Europe.”
On this news, Wolfspeed stock fell 39% on November 7, 2024.
Click here for more information: https://rosenlegal.com/case/wolfspeed-inc/.
What Can You Do?
If you invested in Wolfspeed securities, you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
Submit Your Information by Visiting:
https://rosenlegal.com/submit-form/?case_id=30954 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.
Why Rosen Law Firm?
We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured 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.
For more information about RLF and its attorneys, please visit https://rosenlegal.com/.
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Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com
