Alert: Grabar Law Office Investigates Claims on Behalf of Long-Term Holders of Mobileye Global Inc. (MBLY)

Philadelphia, Pennsylvania--(Newsfile Corp. - July 30, 2024) - If you have held Mobileye Global Inc. (NASDAQ: MBLY) shares since prior to January 26, 2023, and would like to learn more about the investigation and your rights and potential for recovery, please visit https://grabarlaw.com/the-latest/Mobileye-Shareholder-Investigation/, contact Joshua Grabar at jgrabar@grabarlaw.com or call 267-507-6085.

Grabar Law Office is investigating whether officers and directors of Mobileye breached their fiduciary duties.

WHY: A recently filed federal securities fraud class action Complaint alleges that, Mobileye, via certain of its officers and directors, made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects including the failing to disclose to investors that: (1) that, to avoid the shortages experienced amid supply chain constraints in 2021 and 2022, the Company's Tier 1 customers had purchased inventory in excess of demand during fiscal 2023; (2) that, as a result, the Company's customers had excess inventory on hand, including approximately 6-7 million units of EyeQ SoCs; (3) that, due to the build-up of inventory, there was a significant risk that the Tier 1 customers would buy less product, thus adversely impacting the Company's fiscal 2024 financial results; and (4) that, as a result of the above, positive statements made by and through certain officers and directors about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis when made.

WHAT YOU CAN DO NOW: Current Mobileye shareholders who have held Mobileye shares since on or before January 26, 2023, can seek corporate reforms, the return of funds spent defending litigation back to the company, and a court approved incentive award, at no cost to them whatsoever.

If you would like to learn more about this matter, you are encouraged to visit https://grabarlaw.com/the-latest/Mobileye-Shareholder-Investigation/, contact Joshua Grabar at jgrabar@grabarlaw.com or call 267-507-6085.

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