[IT NEWS] Intel Manages To Dodge A Massive Shareholder Lawsuit; One That Triggered The “Bear Run” In 2024

[InviuS]

 

Well, it seems like Team Blue has gotten rid of a massive problem coming their way, and considering all the issues they are surrounded by, this is undoubtedly a relief for them. According to Reuters, Intel has won a lawsuit filed by the company's shareholders, which claimed that Intel had taken too long to disclose $7 billion worth of operating losses back in 2023 and had misreported financial results. U.S. District Judge Trina Thompson in San Francisco has rejected the shareholders' claim, citing a lack of evidence, but the plaintiffs can file an amended complaint, given that they came back with stronger arguments.

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