Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of Semtech Corporation (“Semtech” or the “Company”) (NASDAQ: SMTC) who purchased or acquired Semtech securities between August 27, 2024 and February 7, 2025 (the “Class Period”).
Semtech Securities Class Action Allegations
On February 20, 2025, a securities class action lawsuit was filed in federal court against Semtech and certain executives alleging violations of the federal securities laws.
According to the complaint, the Semtech Defendants allegedly failed to disclose throughout the Class Period that the Company’s CopperEdge products did not meet the needs of server rack customers or end users, necessitating changes to rack architecture. As a result, CopperEdge sales would not ramp-up during fiscal 2026 and would be lower than anticipated. Consequently, the Defendants’ positive statements regarding the Company’s business, operations, and prospects were, allegedly, materially misleading and/or lacked a reasonable basis.
Semtech Investors: Learn More About Your Legal Options
Investors who purchased or acquired Semtech securities during the Class Period and suffered financial losses are encouraged to complete Kehoe Law Firm’s Securities Questionnaire or send us a message to contact an attorney for a free, no-obligation legal evaluation.
For direct inquiries, Semtech investors should contact Michael Yarnoff, Esq., at (215) 792-6676, Ext. 804, or [email protected], [email protected].
LEAD PLAINTIFF DEADLINE
Investors have until April 22, 2025 to petition the Court for appointment as lead plaintiff. The lead plaintiff typically has the largest financial interest and meets the adequacy and typicality requirements. Investors do not need to serve as lead plaintiff to share in any potential recovery.
About Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors. We litigate securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.
KLF’s class action legal services are on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.
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