Rosen Law Firm Investigates Mobileye for Potential Misinformation

NEW YORK – Rosen Law Firm, known for representing investors around the world, has announced an investigation into Mobileye Global Inc. (Nasdaq: MBLY) may be subject to securities claims arising from allegations that the company may have provided materially misleading business information to the investing public.

The investigation follows Mobileye’s recent press release on January 4, 2024, which disclosed preliminary financial results for fiscal 2023 and preliminary outlook for 2024. In the press release, Mobileye forecast a significant decline in revenue for the first quarter of 2024, which is expected to be down approximately 50% compared to first-quarter 2023 revenue of $458 million. This prediction caused Mobileye’s stock price to fall sharply, falling by US$9.75 per share, equivalent to 24%, and closing at US$29.97 that day, with unusually high trading volume.

Mobileye shareholders who suffered losses may be eligible for compensation through a class action lawsuit prepared by Rosen Law Firm. The company is actively seeking participants in potential class action lawsuits and is not disclosing any fees or out-of-pocket costs for participating in the case because it operates on a contingent fee basis.

Rosen Law Firm has a history of participating in securities class actions and shareholder derivative actions and achieving significant settlements for investors, including the largest securities class action ever filed against a Chinese company. The firm’s track record and peer recognition, including ISS Securities Class Action Services ranking No. 1 in number of settlements in 2017, make it a well-known player in the legal field of investor rights.

Mobileye securities investors interested in learning more about the class action or joining the lawsuit are encouraged to contact Rosen Law Firm for more information. This announcement is based on a press release statement and does not constitute an endorsement of the company’s services or a prediction of the outcome of the litigation.

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