The Gross Law Firm has issued a notice to shareholders of Intel Corporation (NASDAQ: INTC), urging those who purchased shares during the class period from January 25, 2024, to April 25, 2024, to consider taking action as lead plaintiff in a potential class action lawsuit. The complaint alleges that Intel Foundry Services’ growth did not reflect reportable revenue growth, the Smelter experienced significant operating losses in 2023, and the foundry saw a decline in product profits due to lower internal revenues. The deadline for shareholders to register for this lawsuit is July 2, 2024.
It is recommended for shareholders who bought INTC shares during the specified timeframe to participate in the class action lawsuit by registering their information on the Gross Law Firm’s website. Once registered, shareholders will receive updates on the case’s progress through portfolio monitoring software at no cost to them. The Gross Law Firm is known for advocating on behalf of investors who have suffered losses due to deceptive practices and seeks to hold companies accountable for misleading statements that artificially inflate stock prices.
For further information or to join the lawsuit, shareholders can visit the Gross Law Firm’s website and contact the firm through the provided email and telephone number. The deadline to seek lead plaintiff status is July 2, 2024, and there is no obligation for shareholders to participate in this legal action. The Gross Law Firm aims to protect investors’ rights and ensure companies adhere to ethical business practices.
In conclusion, The Gross Law Firm is alerting Intel Corporation shareholders of a potential class action lawsuit based on allegations of misleading statements made by the company’s management during the specified class period. Shareholders are encouraged to register for the lawsuit by the July 2, 2024 deadline and participate in seeking recovery for any losses incurred. The firm is dedicated to upholding investor rights and holding companies accountable for any fraudulent practices that may harm shareholders.
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https://www.prnewswire.com/news-releases/intel-corporation-sued-for-securities-law-violations–investors-should-contact-the-gross-law-firm-for-more-information–intc-302177364.html
