close
close

Bragar Eagel & Squire, PC announces that a

NEW YORK, July 26, 2024 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed against Vicor Corporation (“Vicor” or the “Company”) (NASDAQ: VICR) in the U.S. District Court for the District of Massachusetts on behalf of all persons and entities who purchased or otherwise acquired Vicor securities between April 26, 2023 and February 22, 2024, both dates inclusive (the “Class Period”). Investors have until September 23, 2024 to request that the Court appoint them as lead plaintiff in the lawsuit.

Click here to take part in the promotion.

According to the complaint, during the Class Period, defendants created a false and/or materially misleading impression that Vicor had closed a significant deal for its H100 product, which analysts said was with Nvidia Corporation. These statements were proven false when Vicor conspicuously failed to discuss the deal first on October 24, 2023, and later, on February 22, 2024, when the company issued a press release announcing its year-end earnings and announcing a sharp decline in new contracts and sales. From a high within the Class Period of nearly $100/share, Vicor’s stock price has fallen approximately 60%.

If you purchased or otherwise acquired Vicor stock and suffered a loss, are a long-term shareholder, have information, would like to learn more about these claims, or have any questions about this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at [email protected], by phone at (212) 355-4648, or by completing this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, PC:

Bragar Eagel & Squire, PC is a nationally recognized law firm with offices in New York, California and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivatives and other complex litigation in state and federal courts across the country. For more information about the firm, visit www.bespc.com. Attorney advertising. Past results do not guarantee similar results.

Contact information:

Bragar Eagle & Squire, PC
Brandon Walker, Esq.
Marion Passmore, Esq.
(212) 355-4648
[email protected]
www.bespc.com