INTC Investors Have Opportunity to Lead Intel Corporation Securities Fraud Lawsuit

NEW YORK, June 20, 2024 /PRNewswire/ --

WHY: New York, N.Y., June 20, 2024. Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Intel Corporation (NASDAQ: INTC) between January 25, 2024 and April 25, 2024, both dates inclusive (the "Class Period"), of the important July 2, 2024 lead plaintiff deadline.

So what: If you purchased Intel securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

What to do next: To join the Intel class action, go to https://rosenlegal.com/submit-form/?case_id=24741 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [e-mail] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 2, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

Details of the case: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the growth of Intel Foundry Services ("IFS") was not indicative of revenue growth reportable under the Internal Foundry segment; (2) the internal foundry model ("Foundry" model) 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 Intel's IFS strategy; and (5) as a result of the foregoing, defendants' positive statements about Intel's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Intel class action, go to https://rosenlegal.com/submit-form/?case_id=24741 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [e-mail] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

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Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
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Toll Free: [phone]
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[e-mail]
www.rosenlegal.com

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