Investors in Intel Corporation have the opportunity to take the lead in a securities fraud lawsuit against the company. The lawsuit alleges that Intel made misleading statements and failed to disclose certain information that would have impacted the company’s stock price. The lawsuit particularly focuses on Intel’s involvement in the 2017 Spectre and Meltdown security flaws, which affected millions of devices worldwide.
According to the lawsuit, Intel downplayed the severity of the security flaws and failed to disclose the potential financial impact they could have on the company. This allegedly led to investors purchasing Intel stock at artificially inflated prices. The lawsuit also accuses Intel of making misleading statements about its progress in addressing the security flaws, further deceiving investors about the true state of the company’s affairs.
Investors who purchased Intel stock between July 27, 2017, and January 4, 2018, are eligible to participate in the lawsuit. The deadline to lead the lawsuit is May 17, 2021.
In summary, Intel investors are being given the chance to take the lead in a securities fraud lawsuit against the company. The lawsuit alleges that Intel made misleading statements and failed to disclose important information about the Spectre and Meltdown security flaws, which impacted the company’s stock price. Investors who purchased Intel stock during a specific timeframe are eligible to participate in the lawsuit, with a deadline of May 17, 2021.
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https://www.prnewswire.com/news-releases/intc-investors-have-opportunity-to-lead-intel-corporation-securities-fraud-lawsuit-302181307.html