LOS ANGELES–(BUSINESS WIRE) – Glancy Prongay & Murray LLP ("GPM"), a leading national shareholder law firm, announced today that it has initiated an investigation on behalf of Intel Corporation ("Intel" or the "Company") (NASDAQ: INTC) . Investors regarding the potential violations of the company and its officers against federal securities laws.
If you have suffered a loss on your Intel investment or would like to inquire whether you may be able to make claims to offset your loss under federal securities laws, you can use your contact information at https://www.glancylaw.com/cases / Submit intel corporation /. You can also contact GPM's Charles H. Linehan at 310-201-9150, toll free at 888-773-9224, or email Shareholder@glancylaw.com to learn more about your rights.
On July 23, 2020, after the market closed, Intel announced that the production of its 7-nanometer chips would be delayed after the company "identified a defect mode in its 7-nanometer process that would worsen the process." Yield resulted ".
In this news, the company's share price fell by more than 10% in after-hours trading on July 23, 2020.
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Whistleblower: Persons with non-public information about Intel should consider their options to support the investigation or to use the SEC Whistleblower program. Under the program, whistleblowers who provide original information can receive rewards of up to 30 percent for every successful recovery by the SEC. For more information, contact Charles H. Linehan at 310-201-9150 or 888-773-9224 or email Shareholders@glancylaw.com.
Glancy Prongay & Murray LLP is a leading law firm that represents investors and consumers in securities disputes and other complex class actions. ISS Securities Class Action Services consistently ranked GPM in its annual SCAS Top 50 report. In 2018, GPM was ranked as one of the top five law firms in terms of the number of class settlements for securities and one of the top six law firms for the total size of comparisons in U.S. dollars. With four offices across the country, GPM's nearly 40 lawyers have made groundbreaking decisions and reclaimed billions of dollars for investors and consumers in securities, antitrust, consumer and employment lawsuits. GPM's lawyers have handled cases that cover a wide range of corporate misconduct, including cases of financial adjustments, internal control weaknesses, profit management, fraudulent profit policies and forward-looking statements, misconduct by auditors, insider trading, violations of FDA regulations, measures that lead to FDA and DOJ investigations and many other forms of corporate misconduct. GPM's lawyers have worked on securities cases that affect nearly every industry and sector in the financial markets, including energy, consumer discretionary, consumer staples, real estate and REITs, finance, insurance, information technology, healthcare, biotechnology, cryptocurrency and medical devices, and many more . GPM's past success has been extensively reported by leading news and industry publications including the Wall Street Journal, the Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barrons, Investors Business Daily, Forbes and Money.
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