LOS ANGELES , Sept. 20, 2024 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Vicor Corporation ("Vicor" or "the Company") (NASDAQ: VICR) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Shareholders who purchased shares of VICR during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.
CASE DETAILS: The Complaint alleges Vicor made false and misleading statements in touting its AI capabilities and platform, leading investors to believe it had made a deal with Nvidia for its H100 product. Over the next few months, the Company continued to falsely represent to the market that a deal had been secured with Nvidia. Based on these facts, the Company's public statements were false and materially misleading. When the market learned the truth about Vicor, investors suffered damages.
If you are a shareholder who suffered a loss, contact us to participate.
WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.
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CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: David@djslawllp.com
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SOURCE DJS Law Group LLP
