Mobileye Global Inc. Class Action Lawsuit - MBLY

The filed complaint alleges that Mobileye Global Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) to avoid the shortages experienced amid supply chain constraints in 2021 and 2022, the Company’s Tier 1 customers had purchased inventory in excess of demand during fiscal 2023; (2) as a result, the Company’s customers had excess inventory on hand, including approximately 6-7 million units of EyeQ SoCs; (3) due to the build-up of inventory, there was a significant risk that the Tier 1 customers would buy less product, thus adversely impacting the Company’s fiscal 2024 financial results; and (4) as a result of the foregoing, defendant’s positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

In order to be eligible to join the MBLY class action lawsuit, you must have incurred a loss on shares of Mobileye Global purchased during the class period listed above.

If you suffered a loss in Mobileye Global during the relevant time frame or pursuant to the relevant offering(s), you have until March 18, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.