Class Action Lawsuit Filed Against Photronics (PLAB): What Investors Need to Know by September 4 Lead Plaintiff Deadline
Class Action Lawsuit Filed Against Photronics (PLAB): What Investors Need to Know by September 4 Lead Plaintiff Deadline
PR Newswire
SAN FRANCISCO, Sept. 3, 2026
Hagens Berman Urges Investors with Significant Losses to Contact the Firm
KEY DATES AND FIGURES
Class Period: Dec. 10, 2025 – May 27, 2026
Lead Plaintiff Deadline: Sept. 4, 2026
Case Page: www.hbsslaw.com/plab
Action: Submit Your PLAB Losses to Hagens Berman at www.hbsslaw.com/plab
SAN FRANCISCO, Sept. 3, 2026 /PRNewswire/ -- Investors who purchased shares of Photronics, Inc. (NASDAQ: PLAB) between December 10, 2025 and May 27, 2026 and suffered losses have until September 4, 2026 to seek appointment as lead plaintiff in a securities class action lawsuit now pending against the company. Hagens Berman, a leading national shareholder rights law firm, is actively investigating the claims in the pending suit and encourages investors who suffered substantial losses to contact the firm now.
Watch our video on the Photronics investigation: https://youtu.be/ywOzl9Fs6nQ
SUBMIT YOUR LOSSES TO HAGENS BERMAN
The Stock Price Collapse
On May 28, 2026, Photronics disclosed disappointing financial results for the second quarter of fiscal 2026, revealing sequential declines in total revenue, an 11% drop in IC revenues, and compressed operating margins. The company retreated from prior guidance and blamed the shortfall on a failed seasonal recovery following the Chinese New Year and unexpected operational bottlenecks. The market's response was swift and punishing: Photronics' stock price plunged 36% in a single trading session, destroying over $1.1 billion in shareholder value.
What Investor Can Do
Investors who acquired Photronics securities during the Class Period and suffered losses are encouraged to take the following steps before the September 4, 2026 deadline:
- Report your losses to Hagens Berman: Click Here
- Email: PLAB@hbsslaw.com
- Phone: 844-916-0895
Background on the Allegations
The pending securities class action alleges that Photronics and its management made materially false and misleading statements about the true condition of its high-end integrated circuit (IC) photomask product pipeline and global order patterns. According to the complaint, the company repeatedly assured investors throughout the Class Period that global demand remained robust and that healthy order patterns would offset post-holiday seasonality.
The suit contends these assurances were false because the company's design release pipeline was actually suffering from severe and ongoing bottlenecks driven by elevated fab usage rates and equipment cost pressures—conditions that management allegedly knew about or recklessly disregarded while continuing to maintain positive financial guidance.
Hagens Berman's Investigation
"Our investigation is actively probing the full scope of these pending claims to determine exactly when management knew that demand for its IC products was deteriorating," said Reed Kathrein, the Hagens Berman partner leading the firm's investigation of the pending suit's claims.
For more information and answers to frequently asked questions about the Photronics case and the firm's investigation, read more »
Whistleblowers
Individuals with non-public information regarding Photronics should consider their options to assist in the investigation or take advantage of the SEC Whistleblower program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, contact Reed Kathrein at 844-916-0895 or email PLAB@hbsslaw.com.
About Hagens Berman:
Hagens Berman is a global plaintiffs' rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman's team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
Attorney Advertising. Prior results do not guarantee a similar outcome in any future case.
SOURCE Hagens Berman Sobol Shapiro LLP
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