NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces investigation of potential securities claims on behalf of shareholders of Intel Corporation (NASDAQ: INTC) resulting from allegations that Intel may have issued materially misleading business information to the investing public.
On July 23, 2020, Intel announced a further delay to its 7nm product, explaining “[t]he primary driver is the yield of Intel's 7nm process, which based on recent data, is now trending approximately twelve months behind the company's internal target.” The Company also announced disappointing third quarter earnings guidance.
On this news, Intel’s stock price fell sharply during intraday trading on July 24, 2020.
Rosen Law Firm is preparing a securities lawsuit on behalf of Intel shareholders. If you purchased securities of Intel please visit the firm’s website at http://www.rosenlegal.com/cases-register-1906.html to join the securities action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at mailto:email@example.com or firstname.lastname@example.org.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.
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