The Schall Law Firm, a national shareholder rights litigation firm, has reminded investors of a class action lawsuit against Intel Corporation for alleged violations of securities laws. Investors who purchased Intel’s securities between January 25, 2024, and April 25, 2024, are encouraged to contact the firm before July 2, 2024.
The lawsuit claims that Intel made false and misleading statements to the market regarding its Foundry Services division. The company’s reported revenue growth in the Internal Foundry segment did not align with the actual performance of Foundry Services, which experienced significant operating losses in 2023. This discrepancy allegedly led to a decline in profits from Foundry’s products. The lawsuit alleges that Intel’s public statements were false and materially misleading, causing harm to investors when the truth was revealed.
Investors who suffered losses are urged to participate in the case to potentially recover their losses. The Schall Law Firm, which specializes in securities class actions and shareholder rights litigation, represents investors globally. This press release may be considered attorney advertising in some jurisdictions under applicable law and ethics rules.
For more information or to contact The Schall Law Firm, interested parties can reach out to Brian Schall at the firm’s Los Angeles office. The firm’s website and contact details are provided in the article.
In summary, The Schall Law Firm is reminding investors of a class action lawsuit against Intel Corporation for alleged securities violations. The lawsuit claims that Intel misled the market about the performance of its Foundry Services division, leading to investor losses when the truth came to light. Investors who purchased Intel’s securities during a specific period are encouraged to contact the firm to discuss their rights before a specified date. The lawsuit is ongoing, and investors have the option to participate to potentially recover their losses.
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