The Gross Law Firm has issued a notice to shareholders of Intel Corporation (NASDAQ: INTC) regarding potential securities law violations. Shareholders who purchased INTC shares between January 25, 2024 and April 25, 2024 are encouraged to contact the firm to potentially become lead plaintiffs in a class action lawsuit. The complaint alleges that during this period, defendants made false or misleading statements about Intel Foundry Services’ growth, the Smelter’s operating losses, and a decline in product profits. The deadline to participate in the lawsuit is July 2, 2024.
The Gross Law Firm, a nationally recognized class action law firm, is dedicated to protecting the rights of investors who have suffered financial losses due to deception, fraud, and illegal business practices. The firm seeks recovery for investors who incurred losses as a result of companies’ false statements or omissions that led to stock price inflation. Shareholders who purchased INTC shares during the specified period will be enrolled in portfolio monitoring software to receive updates on the case. There is no cost or obligation to participate in the lawsuit.
For more information on the lawsuit and how to register, shareholders can visit the following link: https://securitiesclasslaw.com/securities/intel-corporation-loss-submission-form/?id=86312&from=4. The Gross Law Firm can be contacted at their New York office located at 15 West 38th Street, 12th floor, New York, NY 10018. They can also be reached via email at dg@securitiesclasslaw.com or by phone at (646) 453-8903.
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