Press release
Deadline on July 2nd coming up in Lawsuit for Investors in Intel Corporation (NASDAQ: INTC)
A Deadline is coming up on July 02, 2024 in the lawsuit for certain investors in Intel Corporation (NASDAQ: INTC).
Investors who purchased shares of Intel Corporation (NASDAQ: INTC) have certain options and there are strict and short deadlines running. Deadline: July 02, 2024. NASDAQ: INTC stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges on behalf of purchasers of Intel Corporation (NASDAQ: INTC) common shares between January 25, 2024 and April 25, 2024, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between January 25, 2024 and April 25, 2024, the Defendants failed to disclose to investors the growth of Intel Foundry Services was not indicative of revenue growth reportable under the Internal Foundry segment, that the Foundry experienced significant operating losses in 2023, that the Foundry experienced a decline in product profit driven by lower internal revenue, as a result the Foundry model would not be a strong tailwind to the Company's IFS strategy, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Intel Corporation (NASDAQ: INTC) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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