Reminder for Monolithic Investors: Class Action Lawsuit with Levi & Korsinsky Pending

Investors in Monolithic are being reminded by Levi & Korsinsky of an impending class action lawsuit with a lead plaintiff deadline of April 7, 2025. The legal firm issued a notice to shareholders, urging them to participate in the litigation process before the specified date.

The class action lawsuit against Monolithic focuses on alleged violations of federal securities laws. Investors who purchased or otherwise acquired Monolithic securities between the dates of January 14, 2024, and March 21, 2025, inclusive, are encouraged to join the lawsuit. The lawsuit primarily accuses Monolithic of making false and misleading statements related to its business, operations, and prospects.

Monolithic, which designs, manufactures, and markets graphene-based products, saw its stock price decline significantly following the launch of a report by a renowned short seller. The report cast doubts on the company’s financial statements and raised concerns about its prospects. As a result, the company’s stock price plummeted, causing substantial losses to investors.

In response to the allegations, Monolithic issued a statement refuting the claims made in the report. The company defended its business practices and financial reporting, emphasizing its commitment to transparency and compliance with regulatory requirements. Despite these assertions, the damage to Monolithic’s reputation and stock price had already been done.

The class action lawsuit seeks to hold Monolithic accountable for its alleged misconduct and seeks damages on behalf of affected investors. By participating in the lawsuit, investors have the opportunity to recover some of their losses incurred as a result of the company’s alleged misrepresentations.

Investors who wish to be part of the class action lawsuit must meet certain criteria and file a claim before the lead plaintiff deadline of April 7, 2025. Failure to meet this deadline may result in the loss of the opportunity to participate in the legal proceedings and seek damages from Monolithic.

Levi & Korsinsky is a prominent law firm specializing in class action litigation and has a track record of successfully representing investors in cases involving securities fraud and misconduct. The firm is committed to ensuring that investors receive fair compensation for any damages they have suffered due to the wrongful actions of companies like Monolithic.

In conclusion, investors in Monolithic should take note of the pending class action lawsuit and the approaching lead plaintiff deadline. By participating in the legal proceedings, investors have the chance to seek redress for any losses they may have incurred as a result of alleged securities law violations committed by Monolithic. It is essential for affected investors to act promptly and consult with legal counsel to understand their rights and options in this matter.