Intel Corporation is facing a lawsuit for allegedly violating securities laws. The Schall Law Firm is representing investors in a class action lawsuit against Intel, claiming that the company made false and misleading statements to the market. The lawsuit alleges that Intel misrepresented its growth in Foundry Services and failed to disclose significant operating losses in the Foundry segment in 2023, leading to a decline in earnings from Foundry products. As a result, investors suffered damages when the truth about Intel’s financial situation was revealed.
Investors who purchased Intel securities between January 25, 2024, and April 25, 2024, are encouraged to contact the Schall Law Firm before July 2, 2024, to discuss their legal rights. The firm can be reached through their website or by email, and there is no charge for the consultation. It is important to note that the class has not yet been certified, so investors who choose to take no action may still be considered absent class members.
The Schall Law Firm specializes in securities class actions and shareholder rights litigation, representing investors worldwide. This press release serves as attorney advertising and may be subject to regulations in some jurisdictions. For more information about the lawsuit against Intel Corporation and to view the original content, visit the Schall Law Firm’s website.
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https://www.morningstar.com/news/pr-newswire/20240702la53093/intel-corporation-sued-for-securities-law-violations-contact-the-schall-law-firm-to-discuss-your-legal-rights-intc