Intel sued by shareholders for fraudulently concealing company issues after losing $32 billion in market value in a day
weifu074
发表于 2024-8-8 14:04:28
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Intel, the American chip giant, has been accused by shareholders of "fraudulently concealing company problems" after its market value evaporated by $32 billion in a day. On August 7th local time, according to foreign media reports, Intel shareholders filed a class action lawsuit against Intel in San Francisco Federal Court. Shareholders claim that Intel "fraudulently concealed the company's existing problems," which led to weak performance, layoffs, and suspension of dividends. The company's market value evaporated by over $32 billion (approximately RMB 229.8 billion) within one day after the release of its latest financial report. In addition to Intel Corporation, Intel CEO Patrick Gelsinger and CFO David Zinsner are also listed as defendants.
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