Levi & Korsinsky, LLP has informed investors in Intel Corporation (NASDAQ: INTC) about a securities class action lawsuit. The lawsuit aims to recover losses for investors who were affected by alleged securities fraud between January 25, 2024, and April 25, 2024. Investors can learn more and contact the team by following the link provided.
The complaint alleges that Intel Foundry Services did not contribute to reported revenue growth as expected and experienced significant operating losses in 2023. Additionally, Foundry experienced a decline in product earnings due to lower domestic revenue. The complaint also claims that defendants’ positive statements about the Company’s business were misleading and lacked a reasonable basis.
Investors who suffered losses during the relevant time period have until July 2, 2024, to request appointment as lead plaintiff. There is no cost to participate, and eligible members of the class may be entitled to compensation without out-of-pocket costs.
Levi & Korsinsky is a firm with a successful track record in securities litigation, having secured millions of dollars for affected shareholders over the past 20 years. The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years. Interested parties can contact Levi & Korsinsky LLP for more information.
For more details visit: https://www.globenewswire.com/Tracker?data=L_RR4G0GjsEGbLA1EtwTuoRGcArg-2DU8DTKTBMuKJXryUQE23Myq5Be1UsX_64g1dpWR9QV3fq3nv-Wkn9f1AoC-sskJbmxT1rTrL-6feI= or call (212) 363-7500.
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https://www.globenewswire.com/news-release/2024/07/02/2907695/0/en/Investors-who-lost-money-on-Intel-Corporation-INTC-should-contact-Levi-Korsinsky-about-pending-Class-Action-INTC.html