Tech News Summary:
- A class action lawsuit has been filed against Seagate Technology Holdings plc and certain officers of the company. The lawsuit aims to recover damages for alleged violations of federal securities laws related to Seagate’s sales to Huawei.
- It is claimed that Seagate made false and misleading statements or failed to disclose important information regarding its sales to Huawei. The company is now under investigation by the US Department of Commerce and may face substantial fines and penalties.
- Investors who suffered losses during the specified period are encouraged to explore their options and contact Bronstein, Gewirtz & Grossman, LLC for more information on participating in any potential recovery.
Calling All Seagate Technology Holdings plc (STX) Investors: Reclaim Your Losses with Bronstein, Gewirtz & Grossman, LLC
Technology Today – [Date]
Seagate Technology Holdings plc (STX) investors who have suffered losses may have an opportunity to regain their investments. Bronstein, Gewirtz & Grossman, LLC, a New York-based law firm specializing in securities litigation, is investigating potential claims on behalf of shareholders regarding possible violations of federal securities laws by the company and its officers.
Seagate Technology is a leading provider of data storage solutions, including hard drives and solid-state drives used in computer systems and data centers worldwide. However, recent events have raised concerns among investors about the company’s financial performance and potential misconduct.
On October 18, 2021, Seagate Technology announced its financial results for the first quarter of fiscal year 2022, reporting lower than expected revenues and issuing guidance for the upcoming quarter that fell below analysts’ estimates. Following this news, the company’s stock price plummeted, causing significant losses for investors.
Bronstein, Gewirtz & Grossman, LLC is investigating whether Seagate Technology and its officers made false and misleading statements or failed to disclose material facts to investors. The law firm is also looking into the potential involvement of any third parties in the alleged misconduct. If violations of federal securities laws are proven, affected investors may be able to take legal action to recover their losses.
Investors who purchased Seagate Technology stock between October 22, 2020, and October 18, 2021, are encouraged to contact Bronstein, Gewirtz & Grossman, LLC to discuss their potential claims. The law firm offers free consultations to analyze individual circumstances and determine the appropriate course of action.
Bronstein, Gewirtz & Grossman, LLC has a track record of successfully litigating complex securities cases, recovering millions of dollars in settlements for shareholders. The firm’s experienced team of attorneys works diligently to protect the rights and interests of investors harmed by corporate wrongdoing.
If you are a Seagate Technology investor and have suffered losses, contact Bronstein, Gewirtz & Grossman, LLC to learn more about your legal rights. Investors can reach out to the firm by visiting their website or calling their toll-free hotline. It is essential to act promptly, as there may be strict deadlines for filing lawsuits following the disclosure of alleged securities violations.
Note: Technology Today is an independent news platform and has no affiliation with Bronstein, Gewirtz & Grossman, LLC. The purpose of this article is to inform readers of potential legal options and should not be considered as legal advice. Investors should consult with a qualified attorney for individualized guidance based on their specific circumstances.
About Bronstein, Gewirtz & Grossman, LLC:
Bronstein, Gewirtz & Grossman, LLC is a New York-based law firm specializing in securities litigation. The firm has a strong reputation for representing investors in complex securities cases and has recovered significant sums for its clients. The attorneys at Bronstein, Gewirtz & Grossman, LLC are committed to providing personalized, comprehensive legal services and fighting for the rights of affected shareholders.
Bronstein, Gewirtz & Grossman, LLC