16 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
|Company Name:||Intel Corporation|
|Stock Symbol :||NASDAQ: INTC|
|Class Period Start:||07/27/2017|
|Class Period End:||01/04/2018|
|Lead Plaintiff motion:||03/12/2018|
|Type of Case:||Securities Class Action|
|Court:||U.S. District Court for the Central District of California|
Thieler Law Corp advises investors with losses exceeding $100,000 of the March 12, 2018 lead plaintiff deadline in a class action lawsuit filed against Intel Corporation (NASDAQ: INTC) (“'Intel'' or “the Company”). The suit is pending in the U.S. District Court for the Central District of California and investors, who purchased Intel Corporation securities between July 27, 2017 and January 4, 2018, have until March 12, 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 Intel Corporation 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 firstname.lastname@example.org . 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 there is a fundamental design flaw in Intel's processor chips as they contain a feature that makes them vulnerable to hacking; updates to fix the problems in Intel's processor chips could cause Intel chips to operate 5-30 percent more slowly; and consequently, Defendants' public statements were materially false and misleading at all relevant times.
On January 2, 2018, The Register reported that a “fundamental design flaw” in Intel chips could make it possible for “hackers to exploit other security bugs or, worse, expose secure information such as passwords, thus compromising individual computers or even entire server networks.” According to reports security patches may drastically slow down device performance.
Following this news, shares of Intel Corporation stock were down 6.5% during intraday trading on January 3, 2018.
If you were negatively impacted by your investment in Intel Corporation securities between July 27, 2017 and January 4, 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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