The Gross Law Firm has issued a notice to shareholders of Intel Corporation (NASDAQ: INTC), urging those who purchased INTC shares between January 25, 2024, and April 25, 2024, to contact the firm regarding potential lead plaintiff appointment. The complaint alleges that during this period, defendants made false statements about Intel Foundry Services’ growth, operating losses in the Smelter, and declining product profits in the foundry, leading to misleading statements about the company’s business prospects.
Shareholders have until July 2, 2024, to join the class action lawsuit, with no cost or obligation to participate. The Gross Law Firm, a nationally recognized class action law firm, aims to protect investors who have suffered losses due to deception and fraud in business practices. The firm seeks recovery for investors affected by companies’ false or misleading statements that inflate stock prices.
To register for the lawsuit and receive updates throughout the case’s lifecycle, shareholders who purchased INTC shares during the specified period can visit the link provided. The deadline to seek lead plaintiff status is July 2, 2024. Contact information for The Gross Law Firm is also provided for further inquiries.
Overall, shareholders of Intel Corporation are urged to take action if they believe they have been affected by the alleged misconduct during the specified class period. The Gross Law Firm is committed to seeking justice for investors who have suffered losses due to deceptive practices in the market.
Article Source
https://www.globenewswire.com/news-release/2024/07/01/2906970/0/en/Shareholders-that-lost-money-on-Intel-Corporation-INTC-should-contact-The-Gross-Law-Firm-about-pending-Class-Action-INTC.html
