Bronstein, Gewirtz & Grossman LLC Urges Photronics, Inc. Investors to Act: Class Action Filed Alleging Investor Harm

Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Photronics, Inc. (NASDAQ: PLAB) and certain of its officers.

This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Photronics securities between December 10, 2025 and May 27, 2026, both dates inclusive (the "Class Period").

The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that: Photronics' purportedly strong demand for its high-end integrated circuit ("IC") photomask products was being constrained by a significant bottleneck in the Company's design release pipeline; as a result, Defendants overstated the sustainability of favorable global order patterns and the strength of Photronics' high-end product mix; the design release bottleneck was impeding the growth and market opportunities that Defendants represented to investors; and consequently, Defendants' positive statements regarding Photronics' business, operations, and growth prospects lacked a reasonable basis and were materially false and misleading at all relevant times.

A class action lawsuit has already been filed.