Robbins Geller sets Sept. 4 deadline in Photronics investor class action

By Atlas Watchline Staff · Legal · August 31, 2026

Robbins Geller Rudman & Dowd says Photronics investors who bought shares during a stated class period have until Sept. 4, 2026, to seek lead-plaintiff status in a securities case pending in federal court in Connecticut.

Robbins Geller Rudman & Dowd says Photronics investors who bought shares during a stated class period have until Sept. 4, 2026, to seek lead-plaintiff status in a securities case pending in federal court in Connecticut.

Robbins Geller Rudman & Dowd LLP said investors who purchased or acquired Photronics, Inc. securities between Dec. 10, 2025, and May 27, 2026, inclusive, have until Friday, Sept. 4, 2026, to ask the court to appoint them lead plaintiff in a proposed class action. The case is captioned Cooper v. Photronics, Inc., No. 26-cv-01069, in the U.S. District Court for the District of Connecticut.

Robbins Geller says the complaint accuses Photronics and certain top executive officers of violating the Securities Exchange Act of 1934. The allegations have not been proven in court.

According to the release, the complaint says Photronics made false or misleading statements or left out information about its projected revenue outlook and expected growth. It also says the company minimized risks tied to post-holiday seasonality and macroeconomic fluctuations.

The complaint further alleges that Photronics’ high-end chip design release pipeline faced bottlenecks because of elevated foundry utilization rates and equipment cost pressures. Photronics is described in the release as a manufacturer and seller of photomask products and services.

Robbins Geller says Photronics announced second-quarter fiscal 2026 financial results on May 28, 2026, and that those results showed revenue and earnings below internal projections. The release also says integrated circuit revenue fell 11% sequentially after that announcement, and that Photronics shares dropped more than 36%.

The law firm’s notice does not include a response from Photronics. The release lists attorneys Ken Dolitsky and Michael Albert as contacts for investors who want more information.

What happens next depends on the court’s handling of lead-plaintiff requests before the Sept. 4 deadline. Robbins Geller says investors in the stated class period may move to seek appointment in the case.

Sources

• PR Newswire release

Editorial note: This article was prepared with AI assistance and includes source attribution for reader review.

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