Glancy Prongay & Murray LLP is reminding investors of the upcoming deadline to file a lead plaintiff motion in a class action lawsuit against Intel Corporation. The lawsuit covers investors who purchased or acquired Intel values between January 25, 2024, and April 25, 2024. The complaint alleges that Intel made false and misleading statements about its financial results, leading to a significant drop in the stock price. Investors who suffered losses can inquire about potential claims by contacting Glancy Prongay & Murray LLP.
On April 2, 2024, Intel announced losses in its Foundry segment, leading to a drop in stock price. Then, on April 25, 2024, Intel reported a decrease in revenue for the first quarter of 2024, further impacting its stock price. The class action lawsuit claims that Intel failed to disclose material facts about its business operations during this period, leading to misleading statements and a lack of transparency for investors.
Investors who purchased Intel securities during the Class Period have until July 2, 2024, to file a complaint and seek appointment as lead plaintiff in the lawsuit. They can contact Glancy Prongay & Murray LLP for more information about their rights and potential claims. This press release serves as a reminder for affected investors to take action before the deadline.
Overall, the class action lawsuit against Intel Corporation highlights the importance of transparency and accountability in financial reporting. Investors should be aware of their rights and options if they believe they have suffered losses due to misleading statements or lack of disclosure from companies. Glancy Prongay & Murray LLP is available to assist investors in navigating the legal process and seeking potential recovery for their losses.
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https://www.globenewswire.com/news-release/2024/06/24/2903432/0/en/Glancy-Prongay-Murray-LLP-Reminds-Investors-of-Looming-Deadline-in-the-Class-Action-Lawsuit-Against-Intel-Corporation-INTC.html
