Mobileye Faces Multiple Class Action Lawsuits Over Inventory Mismanagement

Investors allege the company's misleading statements about inventory levels led to significant financial losses.

Rosen Law Firm reminds Mobileye Global Inc. investors of the March 18, 2024, deadline to join the class action lawsuit.
Investors allege Mobileye misled them about inventory levels, impacting fiscal 2024 financial results.
Mobileye's customers reportedly have excess inventory, including millions of EyeQ System-on-Chip units.
The revelation of excess inventory led to a significant drop in Mobileye's share price.
Multiple law firms have filed class action lawsuits on behalf of Mobileye investors.