Glancy Prongay & Murray LLP Reminds Investors of the Deadline in the Class Action Lawsuit Against Micron Technology, Inc. (MU)
LOS ANGELES, March 21, 2019 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP (“GPM”) reminds investors of the March 25, 2019 deadline to file a lead plaintiff motion in the class action filed on behalf of investors that purchased Micron Technology, Inc. (“Micron” or the “Company”) (NASDAQ: MU ) securities between September 26, 2017 and November 19, 2018, inclusive (the “Class Period”) Micron investors have until March 25, 2019 to file a lead plaintiff motion.
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On November 19, 2018, the Financial Times reported that Chinese investigators found “massive evidence” of anti-competitive behavior by Micron and two other companies. On this news, Micron’s share price fell $2.61 per share, or 6.6%, to close at $36.83 per share on November 19, 2018.
The complaint filed in this class action alleges that during the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the Chinese State Administration for Market Regulation notified Micron it was investigating dynamic random-access memory (“DRAM”) chip providers in China for potential collusion and other anti-competitive conduct; (2) Chinese investigators had found “massive evidence” of Micron’s anti-competitive behavior; (3) Micron had engaged in a price-fixing conspiracy with Samsung Electronics and SK Hynix; and (4) as a result, Micron’s public statements were materially false and misleading at all relevant times.
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If you purchased shares of Micron, you may move the Court no later than March 25, 2019 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to email@example.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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