The lawsuit covers investors who bought Photronics securities between Dec. 10, 2025 and May 27, 2026, with a Sept. 4, 2026 deadline to seek lead plaintiff status.
Kaplan Fox & Kilsheimer LLP said a class action lawsuit has been filed against Photronics, Inc. on behalf of investors who purchased or otherwise acquired the company’s securities between December 10, 2025 and May 27, 2026. The complaint centers on Photronics’ May 28, 2026 second-quarter fiscal 2026 results, which it says showed revenue and earnings well below internal projections and an 11% sequential decline in IC revenue. It also alleges management said an expected seasonal recovery after the Chinese New Year holiday did not materialize because of new product launch delays, elevated fab utilization rates, and geopolitical uncertainty. The complaint alleges Photronics shares fell more than 36% on May 28, 2026 in response. Investors seeking to serve as lead plaintiff have until September 4, 2026 to move the court, though class members do not need to do so to participate in any recovery. Kaplan Fox described itself as a plaintiffs’ securities litigation firm with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey.