|Company name||Intel Corporation|
|Class period||July 27, 2017 – January 4, 2018|
|Lead plaintiff deadline||March 12, 2018|
|Court||Central District of California|
NEW YORK, January 11, 2018 – Bragar Eagel & Squire, P.C. reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of all persons or entities who purchased or otherwise acquired Intel Corporation (NASDAQ: INTC) securities between July 27, 2017 and January 4, 2018 (the “Class Period”). Investors have until March 12, 2018 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The Complaint alleges that, throughout the Class Period, Defendants made materially false and 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) consequently, Defendants’ public statements were materially false and misleading at all relevant times.
If you purchased or otherwise acquired Intel Corporation securities during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at email@example.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.