SAN DIEGO, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP is investigating whether Vicor Corporation (NASDAQ: VICR), any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws.
What if I purchased Vicor securities? If you purchased securities and suffered significant losses on your investment, join our investigation now: https://www.johnsonfistel.com/investigations/vicor
Or for more information, contact Jim Baker at jimb@johnsonfistel.com or (619) 814-4471
There is no cost or obligation to you.
What is Johnson Fistel investigating? On October 24, 2023, Vicor announced inline 3Q23 results and 4Q23 guidance. However, the company stated that its backlog continued to decrease and "bookings remained weak." Analyst’s impression of management's reluctance to discuss AI platforms announced in the previous quarter "shows a shrink in opportunity." Following this news, Vicor's stock price fell by $14.14 per share, or approximately 26% to close at $39.05 per share on October 25, 2023.
The investigation pertains to whether executives at the company misrepresented or failed to timely disclose material and adverse information to investors.
What if I have relevant nonpublic information? Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program. Under the SEC program, whistleblowers who provide original information may, under certain circumstances, receive rewards totaling up to thirty percent of any successful recovery made by the SEC. For more information, contact Jim Baker at (619) 814-4471 or jimb@johnsonfistel.com.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com.
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Contact:
Johnson Fistel, LLP
501 W. Broadway, Suite 800, San Diego, CA 92101
James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471
jimb@johnsonfistel.com or fjohnson@johnsonfistel.com
