Press release
Investigation announced for Investors in STMicroelectronics N.V. (NYSE: STM) over possible Wrongdoing by certain directors
An investigation on behalf of current long term investors in STMicroelectronics N.V. (NYSE: STM) shares.
Investors who are current long term investors in STMicroelectronics N.V. (NYSE: STM) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE: STM stocks follows a lawsuit filed against STMicroelectronics N.V. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: STM stocks, concerns whether certain STMicroelectronics N.V. directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that, the Defendants made false and/or misleading statements and/or failed to disclose that contrary to prior representations, demand in STM's automotive and industrial sectors continued to decline in the first half of 2024, that as a result, the Company's revenues and gross margins also continued to decline during this period, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of STMicroelectronics N.V. (NYSE: STM) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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