Intel Corporation Class Action Lawsuit - INTC

The filed complaint alleges that Intel Corporation made materially false and/or misleading statements and/or failed to disclose that: (1) the growth of Intel Foundry Services was not indicative of revenue growth reportable under the Internal segment; (2) the Foundry experienced significant operating losses in 2023; (3) the Foundry experienced a decline in product profit driven by lower internal revenue; (4) as a result the Foundry model would not be a strong tailwind to the Company’s IFS strategy; and (5) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

In order to be eligible to join the INTC class action lawsuit, you must have incurred a loss on shares of Intel Corporation purchased during the class period listed above.

If you suffered a loss in Intel Corporation during the relevant time frame or pursuant to the relevant offering(s), you have until July 2, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.