Kirby McInerney LLP Commences Investigation on Behalf of Intel Corporation Investors
January 10 2018 - 06:44PM
Business Wire
Kirby McInerney LLP (“KM”) announces an investigation on behalf
of Intel Corporation (“Intel” or the “Company”) (NYSE:INTC)
investors concerning possible violations of federal securities laws
by the Company and its officers.
On January 2, 2018, post-market, news outlets reported that
Intel’s processor chips contain a significant design flaw that may
compromise device security. According to Business Insider, the
updates that are necessary to fix this vulnerability will likely
result in device performance slowdown of “up to 30%.” Additionally,
Intel CEO Brian Krzanich has admitted that Google notified the
Company about the flaw “a couple months ago.”
On this news, the Company’s share price fell from $46.85 to
$45.26 (a decline of $1.59). The price continued to fall on January
4, 2018, to $44.43 (a decline of $0.83).
If you purchased or otherwise acquired shares of Intel since
September 30, 2017, and would like more information pertaining to
the investigation, please contact Thomas W. Elrod, Esq. of Kirby
McInerney LLP at (212) 371-6600, or by email at telrod@kmllp.com,
or by filling out this contact form to discuss your rights without
any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm
concentrating in securities, antitrust, whistleblower, and consumer
litigation. The firm’s efforts on behalf of shareholders in
securities litigation have resulted in recoveries totaling billions
of dollars, and the firm’s achievements and quality of service have
been chronicled in numerous published decisions. Additional
information about the firm can be found at Kirby McInerney LLP’s
website: www.kmllp.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20180110006341/en/
Kirby McInerney LLPThomas W. Elrod, Esq., (212)
371-6600telrod@kmllp.comwww.kmllp.com
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