LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces the filing 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 April 23, 2020 and July 23, 2020, inclusive (the ''Class Period''), are encouraged to contact the firm before September 28, 2020.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, 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 brian@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 identified a fault in its 7-nanometer process that resulted in yield degradation in its product output. This manufacturing problem resulted in a six-month delay in the Company’s schedule for 7-nanometer products. The Company was likely to rely on third-party foundries to help produce the 7-nanometer products. The delays and other problems put the Company at risk of losing market share to competitors already on the market with 7-nanometer products. 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.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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SOURCE:
The Schall Law Firm
