INTC - INTEL ALERT: Bragar Eagel & Squire P.C. Announces that a Class Action Lawsuit Has Been Filed Against Intel Corporation and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, May 06, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Intel Corporation ("Intel" or the "Company") (NASDAQ:INTC) in the United States District Court for the Northern District of California on behalf of all persons and entities who purchased or otherwise acquired Intel securities between January 25, 2024 and April 25, 2024, both dates inclusive (the "Class Period"). Investors have until July 2, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
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On April 2, 2024, after the markets closed, Intel issued a press release which disclosed a retrospective revision of the Company's financial results under the new Foundry model reporting structure, revealing that the Foundry segment experienced an operating loss of $7 billion on sales of $18.9 billion in 2023, that Foundry revenue in 2023 was $18.9 billion down $8.6 billion from 2022, that the segment's operating ...