MBLY - MOBILEYE INVESTOR ALERT: Kirby McInerney LLP Alerts Mobileye Global Inc. (MBLY) Investors of Looming Lead Plaintiff Deadline in Class Action Lawsuit | Benzinga

NEW YORK, March 08, 2024 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds investors of the March 18, 2024 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed on behalf of those who acquired Mobileye Global Inc. ("Mobileye" or the "Company") (NASDAQ:MBLY) securities during the period from January 26, 2023 through January 3, 2024, inclusive.

[Click here to learn more about the class action]

On January 4, 2024, before the market opened, Mobileye issued a press release disclosing that it had "become aware" of a build-up of excess inventory including an estimated 6-7 million units of EyeQ SoCs held by customers. The Company stated this was a result of "supply chain constraints in 2021 and 2022 and a desire to avoid part shortages" and "lower than-expected production at certain OEM's during 2023." The Company then disclosed "the lower-than-expected volumes ...

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