Overview

A class action lawsuit has been filed against Vicor Corporation (“Vicor” or the “Company”) (NASDAQ: VICR) and certain of the Company’s former and current senior executive officers alleging violations of the federal securities laws.  The Vicor class action lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired Vicor’s common stock between April 26, 2023, and February 22, 2024, both dates inclusive (the “Class Period”).  Investors have until September 23, 2024, to seek appointment as lead plaintiff of the Vicor class action lawsuit.

Vicor is a global power technology company that designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, and the Asia Pacific.  It also designs, sells, and services custom power systems solutions.  The Company serves independent manufacturers of electronic devices, original equipment manufacturers, and their contract manufacturers in the aerospace and aviation, defense electronics, satellites, factory automation, instrumentation, test equipment, transportation, telecommunications and networking infrastructure and vehicles, and transportation markets.

The Vicor class action lawsuit alleges that Defendants provided investors with material information concerning Vicor’s second quarter 2023 earnings alongside a series of promotional statements about the Company’s forthcoming artificial intelligence (“AI”) platform.  These AI-related statements led investors to believe that Vicor had secured a significant deal with Nvidia Corporation (“Nvidia”) for its H100 product.  During an investor conference call the same day, analysts asked Defendant Patrizio Vinciarelli if the new AI platform was for a new customer and how significant the volume of the incoming business was.  Defendant Vinciarelli assured the market that it was “new generation for an existing customer” and that it was a “significant customer.”

Defendants provided these overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements that Vicor’s prospects were for a big sales contract with Nvidia.  This caused Plaintiff and other shareholders to purchase Vicor’s securities at artificially inflated prices.

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If you purchased or otherwise acquired Vicor’ss common stock between April 26, 2023 and February 22, 2024, both dates inclusive, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at [email protected]. 

The deadline to apply to the Court to serve as a lead plaintiff in the Vicor lawsuit is September 23, 2024.