ROSEN, A HIGHLY REGARDED LAW FIRM, Encourages Wolfspeed, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important January 17 Deadline in Securities Class A By Investing.com

New York, NY–(Newsfile Corp. – January 12, 2025) – WHY? The Rosen Law Firm, a global investor protection law firm, reminds purchasers of Wolfspeed, Inc. (NYSE: NYSE: ) securities between August 16, 2023 and November 6, 2024, both dates inclusive (” Class period”), important January 17, 2025 lead plaintiff deadline.

SO WHAT? If you have purchased Wolfspeed securities, you may be entitled to compensation without payment of any cash fees or expenses through a contingency fee arrangement.

WHAT TO DO NEXT? To join Wolfspeed’s class action, visit https://rosenlegal.com/submit-form/?case_id=30954 or call Philip Kim, Esq. Toll Free at 866-767-3653 or email case@rosenlegal.com. A class action lawsuit has already been filed. If you want to act as the main plaintiff, you must move to court no later than January 17, 2025. A lead plaintiff is a representative party acting on behalf of other class members in leading the litigation.

WHY CHOOSE ROSEN LAW? We encourage investors to select qualified advisors with a track record of success in leadership roles. Often, notifying companies do not have comparable experience, resources or the recognition of any meaningful peers. Many of these firms do not actually handle securities class actions, but are simply brokers who refer clients or are partners with the law firms that actually litigate the cases. Be Wise When Choosing Counsel The Rosen Law Firm represents investors worldwide, focusing its practice in securities class action and shareholder derivative litigation #1 rating by ISS Securities Class Action: (WA:) Services for securities class actions in 2017. The company has been ranked in the top 4 every year since 2013. In 2019 alone, the company secured more than 438 million dollars for investors Founding partner Lawrence Rosen was named a titan of plaintiffs’ counsel by law360.Many of the firm’s attorneys have been recognized By Lawdragon and Super Lawyers.

DETAILS OF THE CASE. The alleged representations in this action relate to 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 expanding its production to meet and/or or to exceed demand for its 200 mm wafer product.

According to the lawsuit, the defendants provided investors with these overwhelmingly positive statements while misrepresenting and/or concealing materially negative facts about the true state of Wolfspeed’s growth potential and, in particular, the operational status and profitability of the Mohawk Valley manufacturing facility to meet the projections, Wolfspeed must cancel or otherwise indefinitely 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 plant in Durham, North Carolina.When the true details came to market, the lawsuit claims, investors suffered losses.

To join the Wolfspeed class action, visit https://rosenlegal.com/submit-form/?case_id=30954 or call Philip Kim, Esq. Toll free at 866-767-3653 or email case@rosenlegal.com.

No class has been certified. Unless you are represented by an attorney. You may choose to remain a member of the class and do nothing at this time potential future recovery is not dependent on serving as lead plaintiff.

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To view the original version of this press release, visit https://www.newsfilecorp.com/release/236840