Investors who have invested in Intel Corporation (NASDAQ: INTC) securities between January 25, 2024, and April 25, 2024, are being reminded by the Rosen Law Firm of the upcoming lead plaintiff deadline on July 2, 2024. The law firm is offering an opportunity for investors to potentially recover compensation without any out-of-pocket fees through a contingency fee arrangement. The class action lawsuit alleges that during the Class Period, Intel made false statements regarding the growth of Intel Foundry Services (IFS) and the company’s overall financial health. It was revealed that the in-house foundry model experienced significant operating losses in 2023, leading to a decline in product profits and questioning the strength of Intel’s IFS strategy. Investors who wish to participate in the lawsuit are encouraged to contact the Rosen Law Firm for more information and to potentially serve as lead plaintiffs in the case. Until a class is certified, investors have the option to hire their own attorney or remain an absent party member. The ability to participate in any potential recovery is not contingent on serving as lead plaintiff.
For more information and updates, investors are directed to follow the Rosen Law Firm on LinkedIn, Twitter, and Facebook. Interested parties can also reach out to the firm at their New York office located at 275 Madison Avenue. The original content and multimedia concerning the opportunity for INTC investors to lead a securities fraud lawsuit can be accessed at https://www.prnewswire.com/news-releases/intc-investors-have-opportunity-to-lead-intel-corporation-securities-fraud-lawsuit-302178469.html.
Article Source
https://www.morningstar.com/news/pr-newswire/20240620dc45029/intc-investors-have-opportunity-to-lead-intel-corporation-securities-fraud-lawsuit