INTEL CORPORATION (NasdaqGS: INTC): INSIDER TRADING AND SECURITIES FRAUD ALLEGED
INTEL CORPORATION (NasdaqGS: INTC): INSIDER TRADING AND SECURITIES FRAUD ALLEGED
Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., and KSF Of Counsel Neil Rothstein, Esq. and Dahlia Ronen, Esq. state that investors have until March 12, 2018 to contact Attorney Neil Rothstein or Attorney Dahlia Ronen concerning the securities class action lawsuit against Intel Corporation (Nasdaq GS: INTC the "Company"), if they purchased the Company’s securities between July 27, 2017 and January 4, 2018, inclusive (the “Class Period”). This action is pending in the United States District Court for the Central District of California.
About the Lawsuit
Intel and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. This includes new revelations reported that certain insiders traded millions of dollars of their own stock BEFORE they announced the following:
On January 2, 2018, news reports revealed a “fundamental design flaw” in Intel’s processor chips that increased vulnerability to hacking and that repair updates could slow down the processors significantly, which the Company confirmed the next day; however, subsequent reports revealed that the Company knew of the flaws “a while ago” and then, on January 4, 2018, media outlets reported that Intel’s CEO sold millions of dollars worth of Intel shares after learning of the problems, prior to public disclosure.
On this news, the price of Intel’s shares plunged.https://finance.yahoo.com/…/intel-apos-ceo-sold-millions-15…
Contact
Class Action Updates by Neil Rothstein, Esq. Of Counsel to KSF, Esq. and Dahlia Ronen, Esq., OF COUNSEL to KSF, remind investors that they have until FEB 19, 2018 to discuss this case and the role of Lead Plaintiff if they purchased the Company’s shares within the aforementioned Class Period.
Free call: (234) 678-5065
Neil Rothstein: (330)-860-4092
Dahlia Ronen: (847)-532-4018
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Cases that Mr. Rothstein has litigated include representation of the Enron Bondholders and the Halliburton Shareholder Class Action Litigation.
For continuing information about this, go to www.neilrothstein.com .