LOS
ANGELES, July 1, 2024 /PRNewswire/ -- The DJS Law
Group reminds investors of a class action lawsuit against Intel
Corporation ("Intel" or "the Company") (NASDAQ:INTC)
for violations of §§10(b) and 20(a) of the Securities Exchange Act
of 1934 and Rule 10b-5 promulgated
thereunder by the U.S. Securities and Exchange Commission.
Shareholders who purchased shares of INTC during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointments. Appointment as lead plaintiff is not
required to partake in any recovery.
CLASS PERIOD: January 25,
2024 to April 25, 2024
DEADLINE: July 2, 2024
CASE DETAILS: The complaint focuses on whether the
Company made false and misleading statements to the market.
Specifically, the complaint alleges that Intel's growth in Foundry
Services didn't align with revenue growth reportable under the
Internal Foundry segment. The Foundry actually suffered significant
operating losses in 2023. The Company's lower revenue in turn
caused a decrease in Foundry product profits. Based on these facts,
the Company's public statements were false and materially
misleading throughout the class period. When the market learned the
truth about Intel, investors suffered damages.
If you are a shareholder who suffered a loss, contact
David@djslawllp.com
WHY DJS LAW GROUP? DJS Law Group's primary focus is to
enhance investor return through balanced counseling and aggressive
advocacy. We specialize in securities class actions, corporate
governance litigation, and domestic/international M&A
appraisals. Our clients are some of the largest and most
sophisticated hedge funds and alternative asset managers in the
world. The litigation claims of our clients are extraordinarily
valuable assets that demand respect, focus, and results.
Join the case to recover your losses.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: David@djslawllp.com
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SOURCE DJS Law Group LLP