{"success":true,"data":{"pressRelease":{"id":"134543","rtpr_id":"nGNX24sVV2","ticker":"PLAB","exchange":"NASDAQ","all_tickers":["PLAB"],"title":"PLAB 2-DAY DEADLINE ALERT: Photronics, Inc. Investors Alerted to Sept. 4 Deadline in Securities Fraud Class Action - Hagens Berman","author":"Globe Newswire","published_at":"2026-09-02T23:31:56.062Z","article_body":"SAN FRANCISCO, Sept. 02, 2026 (GLOBE NEWSWIRE) -- Hagens Berman, a leading\nnational shareholder rights law firm, is conducting an investigation into\nPhotronics, Inc. (NASDAQ: PLAB) regarding alleged violations of federal\nsecurities laws. This investigation follows the recent filing of a class\naction lawsuit, which alleges that Photronics misled investors concerning the\ndemand and outlook for its high-end integrated circuit (IC) photomask product\nline.\n\nSUBMIT YOUR LOSSES TO HAGENS BERMAN\n(https://www.globenewswire.com/Tracker?data=e2EM74msxjKB1R7rhSJhY2swa20EQerOhs1WFuPHyvNHsmSJyL2NYpufNoxKVzxfWIxT29vSUdcEs9mHigyQLKiqcZCZpJGASErHl4HPaUn8thliq5AwW7TjrwlOTUEG-e9dpwfLuzxtdsict2Nbd7H5-NTOisV3BVPeAlpNUeVI6ZTTUe3HcbjUG4W_bWJ6)\n\nINVESTOR NOTICE: DEADLINE APPROACHING\n\nClass Period: Dec. 10, 2025 – May 27, 2026\nLead Plaintiff Deadline: Sept. 4, 2026\nVisit: www.hbsslaw.com/plab \nWatch our video on the Photronics investigation: https://youtu.be/ywOzl9Fs6nQ\n\nFocus of Photronics (PLAB) Securities Class Action:\n\nThe pending securities class action alleges that Photronics and its management\nmade materially false and misleading statements regarding the true state of\nits high-end IC product pipeline and global order patterns. The complaint\ncontends that throughout the class period, the company repeatedly assured\ninvestors of robust global demand and healthy order patterns that would\nmitigate post-holiday seasonality.\n\nPlaintiffs allege these statements were false because the company’s design\nrelease pipeline was actually experiencing severe and ongoing bottlenecks due\nto elevated fab usage rates and equipment cost pressures, all of which\nmanagement allegedly knew or recklessly disregarded while maintaining positive\nfinancial guidance.\n\nThe truth behind these alleged misrepresentations was revealed on May 28,\n2026, when Photronics reported disappointing financial results for the second\nquarter of fiscal 2026. The company admitted to sequential declines in total\nrevenue, an 11% drop in IC revenues, and compressed operating margins, while\nbacktracking to blame the shortfall on a failed seasonal recovery following\nthe Chinese New Year and unexpected operational bottlenecks.\n\nThe market response to this news was immediate and severe, causing\nPhotronics’ stock price to plunge 36% in a single trading session, wiping\nout over $1.1 billion of the company's market capitalization.\n\n“Our investigation is actively probing the full scope of these pending\nclaims to determine exactly when management knew that demand for its IC\nproducts was deteriorating,” said Reed Kathrein\n(https://www.globenewswire.com/Tracker?data=0wGbA549dUeVZ-H7DPk1n8tNDGKrsOwXwY0pWj56__yaPXSmaRva0Z20vPnwWVaryesNx_skueb6U4zulMJQgrpDC3IyThGbCizW5K0KI-AMtHpXYcvz9v7EWwBTN3vb),\nthe Hagens Berman partner leading the firm’s investigation of the pending\nsuit’s claims.\n\nInvestor Rights\n\nInvestors who purchased or acquired Photronics securities during the Class\nPeriod are encouraged to contact our legal team:\n* Report your losses to HBSS: Click Here\n(https://www.hbsslaw.com/cases/photronics-inc-plab-securities-class-action)\n* Email: PLAB@hbsslaw.com\n* Phone: 844-916-0895\nIf you’d like more information and answers to other frequently asked\nquestions about the Photronics case and the firm’s investigation, read more\n(https://www.globenewswire.com/Tracker?data=XcEbl4FooZcd8ULddMDxjCkaurytK4CaiHDaKBhd8URvFUW8cMMSw6-sK9rX2TgJntaogOqPP1QWFFGHk7d3btM9RA8Jb4_qsGoIvJqq8CEbfs33EusCqhiTPSdX5rjsyOGDI3HqmnGmWwUVxBaJeg==)\n»\n(https://www.globenewswire.com/Tracker?data=RdRr97VUmDrr64FZP27TYj6Xc3sZgLhvTYQsoDvdsudQ3dPpB2gMS50VuVioYpAzYA5VxvnOGz5lUFFfAS-WxV6ZSS66Ym4VzttEViHfSQoxrvJVid3oWLpfaSrp6LS6u2TyQpGKfDFrmgZ1TwxzSA==)\n\nWhistleblowers: Persons with non-public information regarding Photronics\nshould consider their options to help in the investigation or take advantage\nof the SEC Whistleblower program. Under the new program, whistleblowers who\nprovide original information may receive rewards totaling up to 30 percent of\nany successful recovery made by the SEC. For more information, call Reed\nKathrein at 844-916-0895 or email PLAB@hbsslaw.com.\n\nAbout Hagens Berman\n(https://www.globenewswire.com/Tracker?data=S3i3CKGFtb4YsPlVYnwBY5A8rffWN15Gwxin4qLX8Ss8xEjU47xPdm8NdbrNUE2WoQDPbFSuLnAamxMpojHZ5Y6N5OPIxPc61E5BVMr9rLM=)\nHagens Berman is a global plaintiffs’ rights complex litigation firm\nfocusing on corporate accountability. The firm is home to a robust practice\nand represents investors as well as whistleblowers, workers, consumers and\nothers in cases achieving real results for those harmed by corporate\nnegligence and other wrongdoings. Hagens Berman’s team has secured more than\n$2.9 billion in this area of law. More about the firm and its successes can be\nfound at hbsslaw.com\n(https://www.globenewswire.com/Tracker?data=fhkrDJtXNDvC5rOsP5-9VUNvrOY-cppuav4WKFhkCvCPjcI_npop0w1TV15Y6xhL8nmffjd9dl6t7ZJYdElM1Q==).\nFollow the firm for updates and news at @ClassActionLaw. \n\nAttorney Advertising. Prior results do not guarantee a similar outcome in any\nfuture case.\n\nContact: Hagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300,\nBerkeley, CA 94710, 844-916-0895, PLAB@hbsslaw.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/2c81cd72-0ffb-43c9-9d0f-b622c3e44e43)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX24sVV2","title":"PLAB 2-DAY DEADLINE ALERT: Photronics, Inc. Investors Alerted to Sept. 4 Deadline in Securities Fraud Class Action - Hagens Berman","author":"Globe Newswire","ticker":"PLAB","created":"2026-09-02T23:31:56.062Z","tickers":["PLAB"],"exchange":"NASDAQ","article_body":"SAN FRANCISCO, Sept. 02, 2026 (GLOBE NEWSWIRE) -- Hagens Berman, a leading\nnational shareholder rights law firm, is conducting an investigation into\nPhotronics, Inc. (NASDAQ: PLAB) regarding alleged violations of federal\nsecurities laws. This investigation follows the recent filing of a class\naction lawsuit, which alleges that Photronics misled investors concerning the\ndemand and outlook for its high-end integrated circuit (IC) photomask product\nline.\n\nSUBMIT YOUR LOSSES TO HAGENS BERMAN\n(https://www.globenewswire.com/Tracker?data=e2EM74msxjKB1R7rhSJhY2swa20EQerOhs1WFuPHyvNHsmSJyL2NYpufNoxKVzxfWIxT29vSUdcEs9mHigyQLKiqcZCZpJGASErHl4HPaUn8thliq5AwW7TjrwlOTUEG-e9dpwfLuzxtdsict2Nbd7H5-NTOisV3BVPeAlpNUeVI6ZTTUe3HcbjUG4W_bWJ6)\n\nINVESTOR NOTICE: DEADLINE APPROACHING\n\nClass Period: Dec. 10, 2025 – May 27, 2026\nLead Plaintiff Deadline: Sept. 4, 2026\nVisit: www.hbsslaw.com/plab \nWatch our video on the Photronics investigation: https://youtu.be/ywOzl9Fs6nQ\n\nFocus of Photronics (PLAB) Securities Class Action:\n\nThe pending securities class action alleges that Photronics and its management\nmade materially false and misleading statements regarding the true state of\nits high-end IC product pipeline and global order patterns. The complaint\ncontends that throughout the class period, the company repeatedly assured\ninvestors of robust global demand and healthy order patterns that would\nmitigate post-holiday seasonality.\n\nPlaintiffs allege these statements were false because the company’s design\nrelease pipeline was actually experiencing severe and ongoing bottlenecks due\nto elevated fab usage rates and equipment cost pressures, all of which\nmanagement allegedly knew or recklessly disregarded while maintaining positive\nfinancial guidance.\n\nThe truth behind these alleged misrepresentations was revealed on May 28,\n2026, when Photronics reported disappointing financial results for the second\nquarter of fiscal 2026. The company admitted to sequential declines in total\nrevenue, an 11% drop in IC revenues, and compressed operating margins, while\nbacktracking to blame the shortfall on a failed seasonal recovery following\nthe Chinese New Year and unexpected operational bottlenecks.\n\nThe market response to this news was immediate and severe, causing\nPhotronics’ stock price to plunge 36% in a single trading session, wiping\nout over $1.1 billion of the company's market capitalization.\n\n“Our investigation is actively probing the full scope of these pending\nclaims to determine exactly when management knew that demand for its IC\nproducts was deteriorating,” said Reed Kathrein\n(https://www.globenewswire.com/Tracker?data=0wGbA549dUeVZ-H7DPk1n8tNDGKrsOwXwY0pWj56__yaPXSmaRva0Z20vPnwWVaryesNx_skueb6U4zulMJQgrpDC3IyThGbCizW5K0KI-AMtHpXYcvz9v7EWwBTN3vb),\nthe Hagens Berman partner leading the firm’s investigation of the pending\nsuit’s claims.\n\nInvestor Rights\n\nInvestors who purchased or acquired Photronics securities during the Class\nPeriod are encouraged to contact our legal team:\n* Report your losses to HBSS: Click Here\n(https://www.hbsslaw.com/cases/photronics-inc-plab-securities-class-action)\n* Email: PLAB@hbsslaw.com\n* Phone: 844-916-0895\nIf you’d like more information and answers to other frequently asked\nquestions about the Photronics case and the firm’s investigation, read more\n(https://www.globenewswire.com/Tracker?data=XcEbl4FooZcd8ULddMDxjCkaurytK4CaiHDaKBhd8URvFUW8cMMSw6-sK9rX2TgJntaogOqPP1QWFFGHk7d3btM9RA8Jb4_qsGoIvJqq8CEbfs33EusCqhiTPSdX5rjsyOGDI3HqmnGmWwUVxBaJeg==)\n»\n(https://www.globenewswire.com/Tracker?data=RdRr97VUmDrr64FZP27TYj6Xc3sZgLhvTYQsoDvdsudQ3dPpB2gMS50VuVioYpAzYA5VxvnOGz5lUFFfAS-WxV6ZSS66Ym4VzttEViHfSQoxrvJVid3oWLpfaSrp6LS6u2TyQpGKfDFrmgZ1TwxzSA==)\n\nWhistleblowers: Persons with non-public information regarding Photronics\nshould consider their options to help in the investigation or take advantage\nof the SEC Whistleblower program. Under the new program, whistleblowers who\nprovide original information may receive rewards totaling up to 30 percent of\nany successful recovery made by the SEC. For more information, call Reed\nKathrein at 844-916-0895 or email PLAB@hbsslaw.com.\n\nAbout Hagens Berman\n(https://www.globenewswire.com/Tracker?data=S3i3CKGFtb4YsPlVYnwBY5A8rffWN15Gwxin4qLX8Ss8xEjU47xPdm8NdbrNUE2WoQDPbFSuLnAamxMpojHZ5Y6N5OPIxPc61E5BVMr9rLM=)\nHagens Berman is a global plaintiffs’ rights complex litigation firm\nfocusing on corporate accountability. The firm is home to a robust practice\nand represents investors as well as whistleblowers, workers, consumers and\nothers in cases achieving real results for those harmed by corporate\nnegligence and other wrongdoings. Hagens Berman’s team has secured more than\n$2.9 billion in this area of law. More about the firm and its successes can be\nfound at hbsslaw.com\n(https://www.globenewswire.com/Tracker?data=fhkrDJtXNDvC5rOsP5-9VUNvrOY-cppuav4WKFhkCvCPjcI_npop0w1TV15Y6xhL8nmffjd9dl6t7ZJYdElM1Q==).\nFollow the firm for updates and news at @ClassActionLaw. \n\nAttorney Advertising. Prior results do not guarantee a similar outcome in any\nfuture case.\n\nContact: Hagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300,\nBerkeley, CA 94710, 844-916-0895, PLAB@hbsslaw.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/2c81cd72-0ffb-43c9-9d0f-b622c3e44e43)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-02T23:31:56.109912157Z","server_sent_at_ms":1788391916109},"received_at":"2026-09-02T23:31:56.170Z","source_url":null},"analysis":{"id":"123433","press_release_id":"134543","analysis_json":{"industry":{"label":"Semiconductors & Semiconductor Equipment","sector":"Information Technology"},"redFlags":["Securities fraud class action pending against Photronics alleging misleading statements on IC photomask demand (class period Dec. 10, 2025 – May 27, 2026)","Referenced 36% single-day share-price collapse with over $1.1 billion of market cap lost following fiscal Q2 2026 results","Alleged design-release pipeline bottlenecks and elevated fab usage/cost pressures underlying the guidance miss"],"eventType":"legal_litigation","narrative":"Hagens Berman publicized a Sept. 4, 2026 lead-plaintiff deadline in a securities class action against Photronics (PLAB) and is soliciting investors who purchased shares between Dec. 10, 2025 and May 27, 2026.\n\nThe complaint alleges management overstated demand and order patterns for its high-end IC photomask line, and cites the May 28, 2026 fiscal Q2 report, when PLAB fell 36% in one session, shed over $1.1 billion of market cap, and disclosed an 11% IC revenue decline.\n\nThis is a plaintiff-firm marketing release, not a company disclosure — Photronics issued no new statement and no class has been certified, so treat as low-signal litigation noise.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm deadline solicitation tied to PLAB's May earnings collapse — suppress from feed; monitor only for class certification or settlement news."},"keyFigures":{"customDimensions":{"class_period":"Dec. 10, 2025 – May 27, 2026","stock_drop_pct":"36%","market_cap_lost":"$1.1 billion","ic_revenue_decline":"11%","lead_plaintiff_deadline":"Sept. 4, 2026","whistleblower_reward_cap":"30 percent"}},"quotedText":"Our investigation is actively probing the full scope of these pending\nclaims to determine exactly when management knew that demand for its IC\nproducts was deteriorating","namedEntities":{"people":[{"name":"Reed Kathrein","role":"Hagens Berman partner leading the Photronics investigation"}],"products":["high-end integrated circuit (IC) photomask product line"],"companies":[{"name":"Photronics, Inc.","ticker":"PLAB","relationship":"subject of securities class action (target of law-firm solicitation)"},{"name":"Hagens Berman","relationship":"plaintiff law firm / release author"}],"dollarAmounts":[{"amount":"$1.1 billion","context":"market capitalization wiped out in PLAB's 36% single-session plunge after Q2 FY26 results"},{"amount":"$2.9 billion","context":"cumulative recoveries claimed by Hagens Berman (firm marketing boilerplate)"}]},"materialImpact":{"score":1,"reasoning":"Plaintiff law-firm solicitation issued by Hagens Berman reminding investors of the Sept. 4, 2026 lead-plaintiff deadline and soliciting claimants; no new issuer disclosure, no certified class, and no settlement. The underlying stock decline occurred in May 2026 and is already public."},"tickerRelevance":{"others":[],"primary":"PLAB"},"globalImportance":18,"audienceRelevance":14,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"law-firm-solicitation","classCertified":false,"issuerAuthored":false,"underlyingEvent":"36% single-day stock drop and $1.1B market cap loss after fiscal Q2 2026 miss (May 28, 2026)","settlementAnnounced":false}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Hagens Berman publicized a Sept. 4, 2026 lead-plaintiff deadline in a securities class action against Photronics (PLAB) and is soliciting investors who purchased shares between Dec. 10, 2025 and May 27, 2026.\n\nThe complaint alleges management overstated demand and order patterns for its high-end IC photomask line, and cites the May 28, 2026 fiscal Q2 report, when PLAB fell 36% in one session, shed over $1.1 billion of market cap, and disclosed an 11% IC revenue decline.\n\nThis is a plaintiff-firm marketing release, not a company disclosure — Photronics issued no new statement and no class has been certified, so treat as low-signal litigation noise.","key_figures":{"customDimensions":{"class_period":"Dec. 10, 2025 – May 27, 2026","stock_drop_pct":"36%","market_cap_lost":"$1.1 billion","ic_revenue_decline":"11%","lead_plaintiff_deadline":"Sept. 4, 2026","whistleblower_reward_cap":"30 percent"}},"named_entities":{"people":[{"name":"Reed Kathrein","role":"Hagens Berman partner leading the Photronics investigation"}],"products":["high-end integrated circuit (IC) photomask product line"],"companies":[{"name":"Photronics, Inc.","ticker":"PLAB","relationship":"subject of securities class action (target of law-firm solicitation)"},{"name":"Hagens Berman","relationship":"plaintiff law firm / release author"}],"dollarAmounts":[{"amount":"$1.1 billion","context":"market capitalization wiped out in PLAB's 36% single-session plunge after Q2 FY26 results"},{"amount":"$2.9 billion","context":"cumulative recoveries claimed by Hagens Berman (firm marketing boilerplate)"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-02T23:32:59.782Z","global_importance":18,"audience_relevance":14,"importance_components":{"tickerTier":"mid-cap","eventGravity":"law-firm-solicitation","classCertified":false,"issuerAuthored":false,"underlyingEvent":"36% single-day stock drop and $1.1B market cap loss after fiscal Q2 2026 miss (May 28, 2026)","settlementAnnounced":false}},"durationMs":63595,"modelName":"glm-4.7"}}