{"id":11715,"date":"2020-08-03T20:10:00","date_gmt":"2020-08-03T20:10:00","guid":{"rendered":"https:\/\/wordpress2.hdnweb.com\/2020\/08\/03\/intc-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-intel-corporation\/"},"modified":"2020-08-03T20:10:00","modified_gmt":"2020-08-03T20:10:00","slug":"intc-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-intel-corporation","status":"publish","type":"post","link":"https:\/\/wordpress2.hdnweb.com\/en\/2020\/08\/03\/intc-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-intel-corporation\/","title":{"rendered":"INTC INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit has been Filed Against Intel Corporation"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">NEW YORK<\/span>, <span class=\"xn-chron\">Aug. 3, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action has been filed on behalf of investors that purchased or acquired the securities of Intel Corporation (&#8220;Intel&#8221; or the &#8220;Company&#8221;) (NASDAQ: INTC) between\u00a0 <span class=\"xn-chron\">April 23<\/span>, 2020\u00a0 and <span class=\"xn-chron\">July 23, 2020<\/span>, inclusive (the &#8220;Class Period&#8221;). The lawsuit filed in <span class=\"xn-location\">the United States<\/span> District Court for the Northern District of <span class=\"xn-location\">California<\/span> alleges violations of the Securities Exchange Act of 1934.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n                        <a href=\"https:\/\/mma.prnewswire.com\/media\/616919\/Bernstein_Liebhard_LLP_Logo.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n                    <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/616919\/Bernstein_Liebhard_LLP_Logo.jpg\" title=\"Bernstein Liebhard LLP.  (PRNewsFoto\/Bernstein Liebhard LLP) (PRNewsfoto\/Bernstein Liebhard LLP)\" alt=\"Bernstein Liebhard LLP.  (PRNewsFoto\/Bernstein Liebhard LLP) (PRNewsfoto\/Bernstein Liebhard LLP)\"\/><\/a>\n                <\/p>\n<\/p><\/div>\n<p>If you <b>purchased Intel securities, and\/or would like to discuss your legal rights and options<\/b> please visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2875268-1&amp;h=3046928679&amp;u=https%3A%2F%2Fwww.bernlieb.com%2Fcases%2Fintelcorporation-intc-shareholder-class-action-lawsuit-stock-fraud-288%2Fapply%2F&amp;a=Intel+Shareholder+Class+Action+Lawsuit\" rel=\"nofollow\">Intel Shareholder Class Action Lawsuit<\/a> or contact <a target=\"_blank\" href=\"mailto:MGuarnero@bernlieb.com\" rel=\"nofollow\"><span class=\"xn-person\">Matthew E. Guarnero<\/span><\/a> toll free at <b>(877) 779-1414<\/b> or <a target=\"_blank\" href=\"mailto:MGuarnero@bernlieb.com\" rel=\"nofollow\">MGuarnero@bernlieb.com<\/a>. <\/p>\n<p>The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company&#8217;s business, operations and prospects. Specifically, Defendants made false and\/or misleading statements and\/or failed to disclose: (1) that Intel had identified a defect mode in its 7-nanometer process that resulted in yield degradation; (2) that, as a result, the Company would experience a six-month delay in its production schedule for 7-nanometer products; (3) that Intel was reasonably likely to rely on third-party foundries for manufacturing its 7-nanometer products; (4) that, as a result of the foregoing, Intel was reasonably likely to lose market share to its competitors who are already selling 7-nanometer products; and (5) that, as a result of the foregoing, Defendants&#8217; positive statements about the Company&#8217;s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis.<\/p>\n<p>On <span class=\"xn-chron\">July 23, 2020<\/span>, after the market closed, Intel disclosed production delays for its 7-nanometer products after the Company had &#8220;identified a defect mode in our seven-nanometer process that resulted in yield degradation.&#8221;<\/p>\n<p>On this news, the Company&#8217;s share price fell <span class=\"xn-money\">$9.81<\/span>, or approximately 16% to close at <span class=\"xn-money\">$50.59<\/span> per share on <span class=\"xn-chron\">July 24, 2020<\/span>.<\/p>\n<p>If you wish to serve as lead plaintiff, you must move the Court no later than <span class=\"xn-chron\">September 28, 2020<\/span>. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn&#8217;t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.<\/p>\n<p>If you <b>purchased Intel securities, and\/or would like to discuss your legal rights and options<\/b> please visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2875268-1&amp;h=436155663&amp;u=https%3A%2F%2Fwww.bernlieb.com%2Fcases%2Fintelcorporation-intc-shareholder-class-action-lawsuit-stock-fraud-288%2Fapply%2F&amp;a=https%3A%2F%2Fwww.bernlieb.com%2Fcases%2Fintelcorporation-intc-shareholder-class-action-lawsuit-stock-fraud-288%2Fapply%2F\" rel=\"nofollow\">https:\/\/www.bernlieb.com\/cases\/intelcorporation-intc-shareholder-class-action-lawsuit-stock-fraud-288\/apply\/<\/a> or contact <a target=\"_blank\" href=\"mailto:MGuarnero@bernlieb.com\" rel=\"nofollow\"><span class=\"xn-person\">Matthew E. Guarnero<\/span><\/a> toll free at <b>(877) 779-1414<\/b> or <a target=\"_blank\" href=\"mailto:MGuarnero@bernlieb.com\" rel=\"nofollow\">MGuarnero@bernlieb.com<\/a>. <\/p>\n<p>Since 1993, Bernstein Liebhard LLP has recovered over <span class=\"xn-money\">$3.5 billion<\/span> for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to\u00a0<i>The National Law Journal&#8217;s<\/i>\u00a0&#8220;Plaintiffs&#8217; Hot List&#8221; thirteen times and listed in\u00a0<i>The Legal 500\u00a0<\/i>for ten consecutive years.<\/p>\n<p>ATTORNEY ADVERTISING. \u00a9 2020 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, <span class=\"xn-location\">New York, New York<\/span> 10016, (212) 779-1414. The lawyer responsible for this advertisement in the <span class=\"xn-location\">State of Connecticut<\/span> is Michael S. Bigin.\u00a0 Prior results do not guarantee or predict a similar outcome with respect to any future matter.<\/p>\n<p>Contact Information<br \/><a target=\"_blank\" href=\"mailto:MGuarnero@bernlieb.com\" rel=\"nofollow\"><span class=\"xn-person\">Matthew E. Guarnero<\/span><\/a><br \/>Bernstein Liebhard LLP<br \/><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2875268-1&amp;h=1880965790&amp;u=https%3A%2F%2Fwww.bernlieb.com%2F&amp;a=https%3A%2F%2Fwww.bernlieb.com\" rel=\"nofollow\">https:\/\/www.bernlieb.com<\/a><br \/>(877) 779-1414<br \/><a target=\"_blank\" href=\"mailto:MGuarnero@bernlieb.com\" rel=\"nofollow\">MGuarnero@bernlieb.com<\/a><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\">\n<\/div>\n<p id=\"PURL\"><img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DC81592&amp;sd=2020-08-03\"\/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/intc-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-intel-corporation-301105108.html\">http:\/\/www.prnewswire.com\/news-releases\/intc-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-intel-corporation-301105108.html<\/a><\/p>\n<p>SOURCE  Bernstein Liebhard LLP<\/p>\n<\/div>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DC81592&amp;Transmission_Id=202008032010PR_NEWS_USPR_____DC81592&amp;DateId=20200803\" style=\"border:0px; width:1px; height:1px;\"\/> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">NEW YORK<\/span>, <span class=\"xn-chron\">Aug. 3, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action has been filed on behalf of investors that purchased or acquired the securities of Intel Corporation (&#8220;Intel&#8221; or the &#8220;Company&#8221;) (NASDAQ: INTC) between\u00a0 <span class=\"xn-chron\">April 23<\/span>, 2020\u00a0 and <span class=\"xn-chron\">July 23, 2020<\/span>, inclusive (the &#8220;Class Period&#8221;). The lawsuit filed in <span class=\"xn-location\">the United States<\/span>&#8230;<\/p>\n","protected":false},"author":1,"featured_media":11716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[25],"tags":[],"class_list":["post-11715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-geovanny-vicente"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>INTC INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit has been Filed Against Intel Corporation - Multisitio 2<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wordpress2.hdnweb.com\/en\/2020\/08\/03\/intc-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-intel-corporation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INTC INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit has been Filed Against Intel Corporation - Multisitio 2\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Aug. 3, 2020 \/PRNewswire\/ --\u00a0Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action has been filed on behalf of investors that purchased or acquired the securities of Intel Corporation (&quot;Intel&quot; or the &quot;Company&quot;) (NASDAQ: INTC) between\u00a0 April 23, 2020\u00a0 and July 23, 2020, inclusive (the &quot;Class Period&quot;). 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