Press release
Investigation announced for Long-Term Investors in Intel Corporation (NASDAQ: INTC) over potential Wrongdoing
An investigation on behalf of current long term investors in Intel Corporation (NASDAQ: INTC) shares over possible breaches of fid
Investors who are current long term investors in Intel Corporation (NASDAQ: INTC) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: INTC stocks follows a lawsuit filed against Intel Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: INTC stocks, concerns whether certain Intel Corporation directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that, 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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