RADNOR, Pa.--(BUSINESS WIRE)--The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of Applied Materials, Inc. (NASDAQ: AMAT) (“Applied Materials”).
On November 16, 2023, Reuters reported that Applied Materials was under criminal investigation by the U.S. Justice Department for potentially evading export restrictions on China’s top chipmaker, SMIC. On this news, Applied Materials’ stock price fell $6.19, or 4%, to close at $147.75 per share on November 17, 2023.
Then, on February 27, 2024, Reuters reported that Applied Materials had received a subpoena from both the SEC and U.S. Attorney’s Office for the District of Massachusetts related to China shipments and requested information concerning certain federal award applications. On this news, Applied Materials’ stock price fell $5.31, or 2.6%, to close at $197.28 per share on February 27, 2024.
If you are an Applied Materials investor and would like to learn more about our investigation, please CLICK HERE to fill out our online form or contact Kessler Topaz Meltzer & Check, LLP: Jonathan Naji, Esq. (484) 270-1453 or E-mail at info@ktmc.com. You can also click on the following link or paste it in your browser: https://www.ktmc.com/applied-materials-inc-investigation?utm_source=PR&utm_medium=link&utm_campaign=amat&mktm=r
Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
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