Ingram Micro Holding Corporation (NYSE: INGM)

This investigation is for anyone who acquired securities in Ingram Micro Holding Corporation (NYSE: INGM) from October 24, 2024 through March 4, 2025.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that, in the Prospectus to the IPO and throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by failing to timely disclose that fraudulent activity that the Company identified within the Company’s India Professional Services business would result in significant expenses including inventory write offs.

On March 4, 2025, Ingram released its fourth quarter and full year 2024 financial results, revealing that it had been materially impacted by two separate charges totaling more than $20 million, including over $9 million for a “inventory write offs” and that the charges “impacted gross margin and income from operations as well as the stock-based compensation charge with [the] IPO.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Ingram Micro Holding Corporation (NYSE: INGM) from October 24, 2024 through March 4, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.