INTEL LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $500,000 In Intel Corporation To Contact The Firm

Specifically, after market close on January 2, 2018, The Register published an article stating that there is a "fundamental design flaw in Intel's processor chips" and updates to fix the problems could cause Intel chips to operate 5-30 percent more slowly.  Then on January 3, 2018, Intel published an article on its website confirming that its chips contain a feature that makes them vulnerable to hacking.  On this news, Intel's share price fell from $46.85 per share on January 2, 2018 to a closing price of $45.26 on January 3, 2018—a $1.59 or a 3.39% drop.

Then, on January 4, 2018, multiple news outlets reported that Intel's Chief Executive Officer, Brian Krzanich, sold millions of dollars worth of the Company's shares after Intel was informed of vulnerabilities in its semiconductors, but before the vulnerabilities were publicly disclosed.  On this news, Intel's share price fell from $45.26 per share on January 3, 2018 to a closing price of $44.43 on January 4, 2018—a $0.83 or a 1.83% drop.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. 

Faruqi & Faruqi, LLP also encourages anyone with information regarding Intel's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

View original content with multimedia:http://www.prnewswire.com/news-releases/intel-lead-plaintiff-deadline-alert-faruqi--faruqi-llp-encourages-investors-who-suffered-losses-exceeding-500000-in-intel-corporation-to-contact-the-firm-300585512.html

SOURCE Faruqi & Faruqi, LLP