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Photronics, Inc. (PLAB) Faces Securities Class Action Amid IC Reality That Wiped Out $1.1 Billion of Market Capitalization – HBSS
GlobeNewswire Inc.·
Photronics, Inc. (NASDAQ: PLAB) faces a securities class action lawsuit after its stock plunged 36% on May 28, 2026, following disappointing Q2 2026 results. The company allegedly misled investors about strong demand for its high-end IC photomask products while failing to disclose severe bottlenecks in its chip design pipeline. The stock decline wiped out $1.1 billion in market capitalization.
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