SAN DIEGO, Jan. 5, 2018 /PRNewswire/ -- Shareholder
Rights Law Firm Johnson Fistel, LLP is investigating potential
violations of the federal securities laws by Intel Corporation
(NASDAQ: INTC) ("Intel") and certain of its officers.
On Tuesday, January 2, 2018, the
British tech website Register published a report disclosing
that some Intel processors have a "fundamental design flaw" that
will spur a significant security update of Linux and Microsoft
Windows operating systems to work around it. The report states that
the chips manufactured by AMD, Intel's largest competitor, were not
affected. Citing a December 20,
2017, post on technology blog LWN.net, technology
blogger Peter Bright at ARS
Technica reported on January 3,
2018, that the first Linux patches had already been devised
and were being distributed by the end of October 2017, followed soon by Microsoft patches
in November 2017. Following this
news, the price of Intel stock declined.
On October 27, 2017, Intel revised
the 2017 outlook upward based on it achieving double-digit growth;
Intel share price increased 5% that day. Then on November 29, 2017, Intel Chief Executive Officer
("CEO") Brian Krzanich sold over
$39 million of Intel shares. After
the sale, it left Krzanich holding just 250,000 shares, the bare
minimum under Intel's corporate governance guidelines that he will
be required to hold in May 2018 – his
5th anniversary of being named CEO.
If you have information that could assist in this investigation,
including past employees and others, or if you are an Intel
shareholder and are interested in learning more about the
investigation or your legal rights and remedies, please contact
Jim Baker
jimb@johnsonfistel.com) at 619-814-4471. If emailing,
please include a phone number.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
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SOURCE Johnson Fistel, LLP