On February 5, 2025, a securities fraud class action lawsuit was announced against Monolithic Power Systems, Inc. on behalf of investors who purchased common stock between February 8, 2024, and November 8, 2024.
The complaint alleges that Monolithic Power Systems' voltage regulator modules and power management integrated circuits suffered from significant performance and quality control issues. These defects reportedly negatively impacted products offered by the company's largest customer, Nvidia.
Furthermore, the lawsuit claims that Monolithic Power Systems failed to adequately address these known issues, leading to irreparable damage to its relationship with Nvidia. This situation exposes the company to material undisclosed risks of significant business, financial, and reputational harm.
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