On or around 08/29/2018 (Ongoing date of last review)
Filing Date: January 10, 2018
Intel designs, manufactures, and sells computer, networking, and communications platforms worldwide.
The law firm press release alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) there is a fundamental design flaw in Intel’s processor chips as they contain a feature that makes them vulnerable to hacking; (2) updates to fix the problems in Intel’s processor chips could cause Intel chips to operate 5-30 percent more slowly; and (3) as a result, Defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
On June 7, 2018, the Court issued an Order transferring this case to the District Court for the Northern District of California. On July 30, the Court consolidated this action under Docket 18-CV-00507 with the caption "In re Intel Corporation Securities Litigation."
Company & Securities Information
Defendant: Intel Corporation
Headquarters: United States
Ticker Symbol: INTC
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.