Hagens Berman Sobol Shapiro LLP has notified shareholders of Photronics, Inc. of a pending securities class action lawsuit and the opportunity to seek a lead plaintiff position. The lawsuit alleges that Photronics and its management made materially false and misleading statements regarding the true state of its high-end IC product pipeline and global order patterns during the class period from December 10, 2025 to May 27, 2026. The complaint contends that the company’s design release pipeline was actually experiencing severe bottlenecks due to elevated fab usage rates and equipment cost pressures, which management allegedly knew or recklessly disregarded. The truth was revealed on May 28, 2026, when Photronics reported disappointing second-quarter fiscal 2026 results, including an 11% drop in IC revenues, causing the stock price to plunge 36% in a single session and wiping out over $1.1 billion in market capitalization. Investors who purchased or acquired Photronics securities during the class period have until September 4, 2026 to seek a lead plaintiff position.
Photronics IncSecurities class action lawsuit alleging false statements and stock plunge.
