Pomerantz LLP and other law firms filed a class-action lawsuit against Photronics, Inc. for alleged securities fraud.
The lawsuit claims the company issued materially false statements regarding high-end product demand between December 2025 and May 2026.
Photronics reported second-quarter revenue and earnings significantly below analyst projections on May 28, 2026.
This financial disclosure triggered a steep decline in the company's stock price.
Investors must seek appointment as lead plaintiff by the September 4, 2026 deadline.