Bernstein Liebhard LLP, a highly regarded law firm specializing in investor rights, is reminding investors about the deadline to file a lead plaintiff motion in a securities class action lawsuit involving Intel Corporation (NASDAQ: INTC). The lawsuit, filed in the United States District Court for the Northern District of California, alleges Securities Exchange Act violations by Intel and certain officers during the period between January 25, 2024, and April 25, 2024.
Investors who purchased or acquired Intel securities during this timeframe are encouraged to visit the Intel Corporation Shareholder Class Action Lawsuit website or contact José R. Seidman, Jr. at (877) 779-1414 or seidman@bernlieb.com. The deadline to move the court to be a lead plaintiff is July 3, 2024.
The Complaint accuses Intel of failing to disclose important information to investors, such as the lack of indicative revenue growth in the Foundry segment and significant operating losses in 2023. The financial results for the first quarter of 2024, published by Intel on April 25, 2024, revealed a 10% decrease in the foundry segment’s revenue compared to the previous year, leading to a 9.2% drop in the company’s stock price.
Bernstein Liebhard LLP, known for recovering over $3.5 billion for its clients since 1993, represents individual investors and pension funds in various litigation matters. The firm has a strong track record in litigating lawsuits and class actions, earning recognition in The National Law Journal’s “Plaintiffs Hot List” and The Legal 500.
For more information, investors can reach out to José R. Seidman, Jr. at Bernstein Liebhard LLP via phone at (877) 779-1414 or email at seidman@bernlieb.com.
Please note that this content constitutes lawyer advertising, and past results achieved by Bernstein Liebhard LLP do not guarantee similar outcomes in future cases.
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