Vicor Investors Urged to Seek Help for Losses
- Investors of Vicor Corporation who suffered losses exceeding $100,000 are encouraged to seek help.
- Faruqi & Faruqi, LLP Securities Litigation Partner is offering investors the opportunity to discuss their options directly.
- Losses in Vicor have prompted investors to take action and explore avenues for potential recovery.
New York, New York—Faruqi & Faruqi, LLP, a prominent national securities law firm, is currently investigating potential claims against Vicor Corporation (NASDAQ: VICR). Investors who have incurred losses exceeding $100,000 are encouraged to reach out to the firm, particularly as the deadline for seeking the role of lead plaintiff in a federal securities class action is set for September 23, 2024. The investigation follows significant discrepancies in Vicor's financial disclosures. On October 24, 2023, the company notably failed to address a critical deal, and later, on February 22, 2024, it released a press statement revealing a drastic decline in new contracts and sales during its end-of-year earnings report. This led to a substantial drop in Vicor's stock price, which has plummeted approximately 60% from a peak of nearly $100 per share. In a federal class action, the lead plaintiff is typically the investor with the largest financial stake in the case, who also represents the interests of the class. Investors can either apply to serve as lead plaintiff or remain as absent class members without affecting their potential recovery. Faruqi & Faruqi also invites anyone with relevant information about Vicor's actions, including whistleblowers and former employees, to contact the firm. For more details on the Vicor class action, interested parties can visit the firm’s website or contact partner Josh Wilson directly.