Intel investors may receive additional information about the case by clicking the link "Submit Your Information" above.
According to the complaint, Intel designs, manufactures, and sells computer, networking, and communications platforms worldwide.
The shareholder class action complaint alleges that, throughout the Class Period, Intel and certain of its senior executive officers made false and misleading statements and/or failed to disclose that: (1) there is a fundamental design flaw in Intel’s processor chips as they contain a feature that makes them vulnerable to hacking; (2) updates to fix the problems in Intel’s processor chips could cause Intel chips to operate 5 – 30% more slowly; and (3) as a result, defendants’ public statements were materially false and misleading at all relevant times.
As detailed in the complaint, on January 2, 2018, The Register published an article entitled “Kernel-memory-leaking Intel processor design flaw forces Linux, Windows redesign.” The article reported that a “fundamental design flaw in Intel’s processor chips has forced a significant redesign of the Linux and Windows kernels to defang the chip-level security bug.”
Following this news, shares of Intel’s common stock declined $1.59 per share, or 3.4%, to close on January 3, 2018 at $45.26 per share, on heavy trading volume.
If you are a member of the class described above, you may, no later than March 12, 2018, petition the Court to serve as lead plaintiff of the class, if you so choose.
A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Any member of the purported class may move the court to serve as a lead plaintiff through counsel of their choice, or may choose to do nothing and remain an inactive class member.
Kessler Topaz Meltzer & Check, LLP has not filed a complaint in this matter. If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at firstname.lastname@example.org. For more information about Kessler Topaz Meltzer & Check, LLP, please visit our website at http://www.ktmc.com. If you would like additional information about the suit, please fill out the attached form as promptly as possible and return it by fax to 610-667-7056, or by mail in the enclosed envelope.
Kessler Topaz Meltzer & Check, LLP
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