MBLY - MBLY 6-DAY DEADLINE ALERT: Mobileye Global (MBLY) Faces Securities Class Action After Revealing Customers' Excess Inventories Hagens Berman Encourages Mobileye Global (MBLY) Investors with Substantial Losses to Contact Firm Before Mar. 18th Deadline | Be
SAN FRANCISCO, March 12, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Mobileye Global Inc. (NASDAQ:MBLY) investors who suffered substantial losses to submit your losses now.
Class Period: Jan. 26, 2023 – Jan. 3, 2024
Lead Plaintiff Deadline: Mar. 18, 2024
Visit: www.hbsslaw.com/investor-fraud/mbly
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Mobileye Global Inc. (MBLY) Securities Fraud Class Action:
The complaint alleges that Mobileye misrepresented and concealed that: (1) to avoid the shortages experienced amid supply chain constraints in 2021 and 2022, its Tier 1 customers purchased inventory in excess of fiscal 2023 demand; (2) as a result, its customers had excess inventory, including approximately 6-7 million units of EyeQ System-on-Chips systems ("EyeQ SoCs"); and (3) due to the customers' inventory ...
MBLY) Faces Securities Class Action After Revealing Customers' Excess Inventories, Hagens Berman Encourages Mobileye Global (MBLY) Investors with Substantial Losses to Contact Firm Before Mar. 18th Deadline>Full story available on Benzinga.com