Robbins Geller says shareholders who bought PLAB shares between Dec. 10, 2025 and May 27, 2026 have until Sept. 4, 2026 to seek lead plaintiff status.
Photronics, Inc. is facing a shareholder class action covering investors who purchased or acquired PLAB securities between December 10, 2025 and May 27, 2026, with Robbins Geller Rudman & Dowd LLP urging affected holders to consider the case before the September 4, 2026 lead plaintiff deadline. The complaint, captioned Cooper v. Photronics, Inc., No. 26-cv-01069 (D. Conn.), alleges the company and certain top executive officers misled investors about the reliability of its revenue outlook and growth expectations while downplaying risks tied to post-holiday seasonality and broader macroeconomic pressure. It says Photronics' high-end chip design release pipeline was facing severe, ongoing bottlenecks because of elevated foundry utilization rates and equipment cost pressures, undermining its forward growth expectations. The filing points to May 28, 2026, when Photronics reported second-quarter fiscal 2026 results that allegedly came in well below internal projections and disclosed an 11% sequential drop in integrated circuit revenue. Photronics shares fell more than 36% on the news, according to the complaint.