Intel Corporation Sued for Securities Law Violations - Contact the Schall Law Firm to Discuss Your Legal Rights INTC

PRNewswire 2-Jul-2024 11:45 AM

LOS ANGELES, July 2, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Intel Corporation ("Intel" or "the Company") (NASDAQ:INTC) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between January 25, 2024 and April 25, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before July 2, 2024.

We encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Intel's growth in Foundry Services didn't align with revenue growth reportable under the Internal Foundry segment. The Foundry actually suffered significant operating losses in 2023. The Company's lower revenue in turn caused a decrease in Foundry product profits. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Intel, investors suffered damages.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/intel-corporation-sued-for-securities-law-violations---contact-the-schall-law-firm-to-discuss-your-legal-rights-intc-302187678.html

SOURCE The Schall Law Firm