NEW YORK, June 24, 2024 (GLOBE NEWSWIRE) –
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Intel Corporation (NASDAQ: INTC) between January 25, 2024 and April 25, 2024, both dates inclusive (the “Litigation Period”), of the important July 2, 2024 Deadline for Lead Plaintiff.
SO WHAT: If you purchased Intel securities during the Class Period, you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Intel class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=24741 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information about the class action lawsuit. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court by 2 July 2024 at the latestA lead plaintiff is a representative party directing the litigation on behalf of other class members.
WHY ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in senior leadership roles. Often, the firms issuing the advertisements do not have comparable experience, resources or significant recognition from their peers. Many of these firms do not actually litigate securities class action lawsuits, but rather act as intermediaries, referring clients or working with law firms that actually litigate the cases in court. Choose your lawyer wisely. The Rosen Law Firm represents investors around the world and focuses on class action and shareholder litigation. The Rosen Law Firm has achieved the largest securities class action settlement against a Chinese company. The Rosen Law Firm was ranked No. 1 by ISS Securities Class Action Services in 2017 for number of securities class action settlements. The firm has been ranked in the top four every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named a Titan of Plaintiffs’ Bar by law360. Many of the firm’s attorneys have received awards from Lawdragon and Super Lawyers.
CASE DETAILS: According to the complaint, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Intel Foundry Services (“IFS”) growth was not indicative of revenue growth reportable in the Internal Foundry segment; (2) the internal foundry model (“Foundry” model) experienced significant operating losses in 2023; (3) the Foundry experienced a decline in product profit due to lower internal sales; (4) as a result, the Foundry model would not be a strong tailwind for Intel’s IFS strategy; and (5) as a result of the foregoing, defendants’ positive statements about Intel’s business, operations and prospects were materially misleading and/or lacked a reasonable basis. When the true details became available to the market, the complaint alleges that investors suffered damages.
To join the Intel class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=24741 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information about the class action lawsuit.
No class action has been certified. Until a class action is certified, you will not be represented by counsel unless you hire one. You may select counsel of your choice. You may also remain as an absent class member and take no action at this time. An investor’s ability to share in any potential future recovery is not dependent on serving as lead plaintiff.
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Contact information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Law Firm of Rosen, PA
275 Madison Avenue, 40th floor
New York, NY 10016
Phone: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
