Ultra Clean Holdings Inc. Common Stock (NASDAQ: UCTT)
53 Days left to seek lead plaintiff status.
The Ultra Clean class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) defendants created the false impression that they possessed reliable information pertaining to the demand for Ultra Clean’s products and services in the domestic Chinese market; and (ii) in truth, Ultra Clean’s optimistic reports of significant growth and increased earnings potential fell short of reality as they failed to incorporate the impending weaker demand due to issues one of Ultra Clean’s major customers was facing, extended qualification timelines, and inventory absorption, particularly given the volatility of the semiconductor industry.