Advanced Micro Devices Inc
23 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
|Company Name:||Advanced Micro Devices Inc|
|Stock Symbol :||NYSE: AMD|
|Class Period Start:||02/21/2017|
|Class Period End:||01/11/2018|
|Lead Plaintiff motion:||03/19/2018|
|Type of Case:||Securities Class Action|
|Court:||U.S. District Court for the Northern District of California|
Thieler Law Corp advises investors with losses exceeding $100,000 of the March 19, 2018 lead plaintiff deadline in a class action lawsuit filed against Advanced Micro Devices Inc (NYSE: AMD) (“AMD” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of California and investors, who purchased Advanced Micro Devices Inc securities between February 21, 2017 and January 11, 2018, have until March 19, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.
If you purchased Advanced Micro Devices Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing email@example.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.
The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that a fundamental security flaw in AMD’s processor chips renders them susceptible to hacking; and as a result, AMD’s public statements were materially false and misleading at all relevant times.
On January 3, 2018, media outlets reported that Google’s Project Zero security team had discovered serious security flaws affecting computer processors built by Intel Corporation, AMD and other chipmakers.
Then on January 11, 2018, AMD acknowledged that its chips were in fact susceptible to both variants of the Spectre security flaw.
Following this news, NYSE: AMD dropped $0.12 or 0.99%, to close at $12.02 on January 12, 2018.
If you were negatively impacted by your investment in Advanced Micro Devices Inc securities between February 21, 2017 and January 11, 2018 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.
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