SHAREHOLDER ALERT: The Law Offices of Vincent Wong Remind Mobileye Global Investors of a Lead Plaintiff Deadline of March 18, 2024
NEW YORK, Feb. 8, 2024 /PRNewswire/ -- Attention Mobileye Global Inc. ("Mobileye Global") (NASDAQ: MBLY) shareholders:
The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors who purchased between January 16, 2023 and January 3, 2024.
If you suffered a loss on your investment in Mobileye Global, contact us about potential recovery by using the link below. There is no cost or obligation to you.
https://www.wongesq.com/pslra-1/mobileye-global-class-action-submission-form/?prid=66251&wire=4
ABOUT THE ACTION: The class action against Mobileye Global includes allegations that the Company made materially false and/or misleading statements and/or failed to disclose that: (1) to avoid the shortages experienced amid supply chain constraints in 2021 and 2022, the Company's Tier 1 customers had purchased inventory in excess of demand during fiscal 2023; (2) as a result, the Company's customers had excess inventory on hand, including approximately 6-7 million units of EyeQ SoCs; (3) due to the build-up of inventory, there was a significant risk that the Tier 1 customers would buy less product, thus adversely impacting the Company's fiscal 2024 financial results; and (4) as a result of the foregoing, defendant's positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
DEADLINE: March 18, 2024
Aggrieved Mobileye Global investors only have until March 18, 2024 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.
Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
E-Mail: [email protected]
SOURCE The Law Offices of Vincent Wong
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