INTC investors have the option to file an Intel Corporation securities fraud lawsuit

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LOS ANGELES, June 11, 2024

LOS ANGELES , June 11, 2024 /PRNewswire/ — Schall Law Firmnational shareholder rights litigation firm, reminds investors of its class action lawsuit against Intel Corporation (“Intel” or the “Company”) (NASDAQ: INTC) for violations of Securities Exchange Sections §§10(b) and 20(a) Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between January 25, 2024 and April 25, 2024, inclusive (the ‘Class Period’), are encouraged to contact the firm before July 2, 2024.

We encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335 to discuss your rights free of charge. You can also contact us via the company’s website at www.schallfirm.comor by email to [email protected].

In this case, the class has not yet been certified and you are not represented by an attorney until you are certified. If you choose to take no action, you may remain an absent member of the class.

The complaint alleges that the Company made false and misleading statements to the market. Intel’s growth in foundry services was not consistent with revenue growth reported in the internal foundry segment. The foundry actually incurred significant operating losses in 2023. In turn, the Company’s lower revenues resulted in a decline in profits from the Foundry’s products. Based on these facts, the Company’s public statements were false and materially misleading throughout the audit period. When the market learned the truth about Intel, investors suffered losses.

The Schall Law Firm represents investors around the world and specializes in securities class actions and shareholder rights disputes.

This press release may be considered attorney advertising in some jurisdictions under applicable law and ethical rules.

CONTACT:

Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

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SOURCE Schall Law Firm