Globe Newswire 15-Mar-2019 10:50 PM
NEW ORLEANS, March 15, 2019 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until March 25, 2019 to file lead plaintiff applications in a securities class action lawsuit against Micron Technology, Inc. (NASDAQ:MU), if they purchased the Company's shares between the expanded period of September 26, 2017 and November 19, 2018, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York.
Micron investors should visit us at https://www.claimsfiler.com/cases/view-micron-technology-inc-securities-litigation-1 or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
Micron and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On May 15, 2018, the Chinese State Administration for Market Regulation ("SAMR") notified the Company of its investigation into anticompetitive conduct by electronic memory microchip suppliers. On November 19, 2018, media reports revealed that SAMR had "found ‘massive evidence' of anti-competitive behaviour" by Micron in a price-fixing conspiracy with Samsung Electronics and SK Hynix.
On this news, the price of Micron's shares plummeted more than 7%.
The first-filed case is Kniffin v. Micron Technology Inc., No. 19-cv-00678.
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
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