The Schall Law Firm, a national shareholder rights litigation firm, is investigating claims on behalf of investors in Intel Corporation for potential violations of securities laws. The investigation is focused on whether Intel made false or misleading statements to investors regarding its growth in Foundry Services, which did not align with reported revenue growth. This discrepancy resulted in significant operating losses for Foundry in 2023, leading to a decline in earnings from Foundry products. The firm believes that Intel’s public statements were false and materially misleading, causing investors to suffer damages when the truth was revealed.
If you are a shareholder who experienced losses, you can participate in the investigation by clicking a link provided in the announcement. Additionally, you can contact Brian Schall of The Schall Law Firm in Los Angeles to discuss your rights free of charge. The firm specializes in securities class actions and shareholder rights litigation, representing investors globally.
This press release may be considered attorney advertising in some jurisdictions. For more information, you can visit The Schall Law Firm’s website or email them directly. The contact information for the firm is provided in the announcement, along with a disclaimer about attorney advertising.
In summary, The Schall Law Firm is investigating potential securities law violations by Intel Corporation related to misleading statements about its Foundry Services growth. Investors who suffered losses are encouraged to participate in the investigation and seek guidance from the firm to discuss their rights. The firm specializes in securities class actions and shareholder rights litigation, representing investors worldwide.
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https://www.globenewswire.com/news-release/2024/07/02/2907545/0/en/INTC-Investors-Have-the-Opportunity-to-Join-Intel-Corporation-Securities-Fraud-Investigation-with-the-Schall-Law-Firm.html