Skip to Main Content

Seagate Technology Holdings plc (NASDAQ: STX) Securities Fraud Class Action

View Complaint
COMPANY       Seagate Technology Holdings plc
COURT United States District Court for the Northern District of California
CASE NUMBER 3:23-cv-03431
JUDGE The Honorable Vince Chhabria
CLASS PERIOD  September 15, 2020 and October 25, 2022

Case Background:

A class action lawsuit has been filed on behalf of those who purchased or acquired Seagate Technology Holdings plc (“Seagate”) (NASDAQ: STX) common stock between September 15, 2020 and October 25, 2022, both dates inclusive (the “Class Period”). 

The complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) the nature and magnitude of Seagate’s HDD sales to Huawei, including that Seagate experienced a significant acceleration in sales to Huawei immediately after the BIS rules went into effect and Seagate’s competitors stopped selling to Huawei; and (2) the underlying details of Seagate’s HDD manufacturing process, including the use of covered U.S. software and technology in “essential ‘production’” processes, rendered its sales to Huawei in violation of the BIS export rules.  As a result, Seagate was in blatant violation of the BIS export rules which resulted in an ongoing investigation by the U.S. Department of Commerce and exposed Seagate to hundreds of millions of dollars in fines and penalties.

Current Status of Case:

On November 13, 2023, Defendants filed a Motion to Dismiss the action.  The parties are currently briefing that Motion. 

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:  Jonathan Naji, Esq. (484) 270-1453 or via e-mail at  If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.

Please complete this form relating to your transactions in Seagate Technology Holdings plc (NASDAQ: STX) common stock between September 15, 2020 and October 25, 2022, both dates inclusive (the “Class Period”).

You may also contact Jonathan Naji, Esq. (484) 270-1453; or you may submit your information via email at; or you may click here to print a PDF of this form.

* Denotes required field
# of Shares
Price per Share
Principal Amount
Amount Paid
Series or CUSIP
# of Contracts
Price per Contract
Exercise Price
Expiration Date
Did you purchase shares of Seagate Technology Holdings plc prior to the Class Period?
Are you a current or former employee of Seagate Technology Holdings plc?
The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Any information you submit will be maintained as confidential. If Kessler Topaz, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases.
I agree to the KTMC disclaimer
I would like to receive new case alerts by email