NEW YORK--(BUSINESS WIRE)--Kirby McInerney LLP (“KM”) announces an investigation on behalf of Intel Corporation (“Intel” or the “Company”) (NYSE:INTC) investors concerning possible violations of federal securities laws by the Company and its officers.
On January 2, 2018, post-market, news outlets reported that Intel’s processor chips contain a significant design flaw that may compromise device security. According to Business Insider, the updates that are necessary to fix this vulnerability will likely result in device performance slowdown of “up to 30%.” Additionally, Intel CEO Brian Krzanich has admitted that Google notified the Company about the flaw “a couple months ago.”
On this news, the Company’s share price fell from $46.85 to $45.26 (a decline of $1.59). The price continued to fall on January 4, 2018, to $44.43 (a decline of $0.83).
If you purchased or otherwise acquired shares of Intel since September 30, 2017, and would like more information pertaining to the investigation, please contact Thomas W. Elrod, Esq. of Kirby McInerney LLP at (212) 371-6600, or by email at telrod@kmllp.com, or by filling out this contact form to discuss your rights without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars, and the firm’s achievements and quality of service have been chronicled in numerous published decisions. Additional information about the firm can be found at Kirby McInerney LLP’s website: www.kmllp.com.
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