Le Lézard
Classified in: Science and technology, Business
Subject: ATY

INTEL SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Intel Corporation - INTC



NEW ORLEANS, Jan. 19, 2018 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until March 12, 2018 to file lead plaintiff applications in a securities class action lawsuit against Intel Corporation (NasdaqGS: INTC), if they purchased the Company's securities between July 27, 2017 and January 4, 2018, inclusive (the "Class Period").  This action is pending in the United States District Court for the Central District of California.

Kahn Swick & Foti, LLC ("KSF") - - not all law firms are created equal.  Visit www.ksfcounsel.com to learn more about KSF. (PRNewsfoto/Kahn Swick & Foti, LLC)

What You May Do

If you purchased securities of Intel and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit http://ksfcounsel.com/cases/nasdaqgs-intc/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by March 12, 2018.

About the Lawsuit

Intel and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. 

On January 2, 2018, news reports revealed a "fundamental design flaw" in Intel's processor chips that increased vulnerability to hacking and that repair updates could slow down the processors significantly, which the Company confirmed the next day; however, subsequent reports revealed that the Company knew of the flaws "a while ago" and then, on January 4, 2018, media outlets reported that Intel's CEO sold millions of dollars' worth of Intel shares after learning of the problems, prior to public disclosure.

On this news, the price of Intel's shares plummeted.

About Kahn Swick & Foti, LLC

KSF, whose partners include the former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447

 

SOURCE Kahn Swick & Foti, LLC


These press releases may also interest you

at 19:58
Bai Changyun, a resident of Xibei community in Huaxi District in the capital city of southwestern China's Guizhou Province, received a big "red envelope" of 16,500 yuan ahead of the Chinese New Year. This is the dividend for his stakes in the...

at 19:03
Newcrest has entered into agreements with TSX listed Lundin Gold Inc. (Lundin Gold) to invest in Lundin Gold and farm-in to a selection of its exploration concessions in Ecuador. Lundin Gold is building the Fruta del Norte gold mine in Ecuador which...

at 19:01
EY has selected 30 promising entrepreneurs from across the Americas, Asia-Pacific and EMEIA to take part in its 2018 EY Accelerating Entrepreneurs program. The 2018 class of...

at 17:33
Lucara Diamond Corp. ("Lucara" or the "Company") (BOTSWANA:LUC) wishes to announce that effective today, William Lamb will be retiring as Lucara's Chief Executive Officer and stepping down from the Board of Directors. Eira Thomas, a founder and...

at 17:33
Lucara Diamond Corp. ("Lucara" or the "Company") (BOTSWANA:LUC) wishes to announce the acquisition of Clara Diamond Solutions Corp. ("Clara"), a company whose primary asset is a secure, digital sales platform that will transform how rough diamonds...

at 16:33
Lundin Gold Inc. ("Lundin Gold" or the "Company") (OMX:LUG) is pleased to announce a US$400 million equity private placement financing (the "Private Placement"). The Private Placement, coupled with the recent lenders' commitments for a senior debt...




News published on 19 january 2018 at 22:50 and distributed by: