RADNOR, Pa., July 23, 2023 /PRNewswire/ — The legislation agency of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs traders {that a} securities class motion lawsuit has been towards Seagate Technology Holdings plc (“Seagate”) (NASDAQ: STX). The motion prices Seagate with violations of the federal securities legal guidelines, together with omissions and fraudulent misrepresentations regarding the corporate’s enterprise, operations, and prospects. As a results of Seagate’s materially deceptive statements and omissions to the general public, Seagate’s traders have suffered vital losses.

CLICK HERE TO SUBMIT YOUR SEAGATE LOSSES. YOU CAN ALSO CLICK ON THE FOLLOWING LINK OR COPY AND PASTE IN YOUR BROWSER: https://www.ktmc.com/new-cases/seagate-technology-holdings-plc?utm_source=PR&utm_medium=link&utm_campaign=stx&mktm=r 

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LEAD PLAINTIFF DEADLINE: SEPTEMBER 8, 2023

CLASS PERIOD: SEPTEMBER 15, 2020 THROUGH OCTOBER 25, 2022

CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:
Jonathan Naji, Esq. at (484) 270-1453 or by way of electronic mail at [email protected]

Kessler Topaz is without doubt one of the world’s foremost advocates in defending the general public towards company fraud and different wrongdoing. Our securities fraud litigators are frequently acknowledged as leaders within the subject individually and our agency is each feared and revered among the many protection bar and the insurance coverage bar. We are proud to have recovered billions of {dollars} for our shoppers and the lessons of shareholders we characterize.

SEAGATE’S ALLEGED MISCONDUCT
Seagate is a number one world provider of information storage merchandise, together with arduous disk drives (“HDDs”), and the corporate, Huawei Technologies Co. Ltd. (“Huawei”), is a major purchaser of those merchandise. On May 16, 2019, Huawei and sure of its non-U.S. associates had been added to the U.S. Department of Commerce Bureau of Industry and Security’s (“BIS”) Export Administration Regulations Entity List, which is a listing of names of sure international individuals and entities which are topic to particular license necessities for the export, re-export, and/or switch (in-country) of specified gadgets.

On October 26, 2022, Seagate disclosed that it obtained a Proposed Charging Letter from the BIS alleging that Seagate violated the Expert Administration Regulations by offering Seagate HDDs to “a customer and its affiliates listed on the BIS Entity List between August 2020 and September 2021.”

Following this information, the worth of Seagate frequent inventory fell almost 8%, and fell an extra close to 7% over the next three buying and selling days.

WHAT CAN I DO?
Seagate traders might, no later than September 8, 2023, transfer the Court to function lead plaintiff for the category, by way of Kessler Topaz Meltzer & Check, LLP or different counsel, or might select to do nothing and stay an absent class member. Kessler Topaz Meltzer & Check, LLP encourages Seagate traders who’ve suffered vital losses to contact the agency instantly to accumulate extra data. The class motion grievance towards Seagate, captioned UA Local 38 Defined Contribution Pension Plan v. Seagate Technology Holdings plc, et al. and docketed below 23-cv-03431, is filed in the United States District Court for the Northern District of California earlier than the Honorable Susan Yvonne Illston.

CLICK HERE TO SIGN UP FOR THE CASE

WHO CAN BE A LEAD PLAINTIFF?
A lead plaintiff is a consultant celebration who acts on behalf of all class members in directing the litigation. The lead plaintiff is often the investor or small group of traders who’ve the biggest monetary curiosity and who’re additionally sufficient and typical of the proposed class of traders. The lead plaintiff selects counsel to characterize the lead plaintiff and the category and these attorneys, if accepted by the courtroom, are lead or class counsel. Your skill to share in any restoration is just not affected by the choice of whether or not or to not function a lead plaintiff.

ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP
Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts all through the nation and world wide. The agency has developed a worldwide repute for excellence and has recovered billions of {dollars} for victims of fraud and different company misconduct. All of our work is pushed by a standard aim: to guard traders, shoppers, workers and others from fraud, abuse, misconduct and negligence by companies and fiduciaries. The grievance on this motion was not filed by Kessler Topaz Meltzer & Check, LLP. For extra details about Kessler Topaz Meltzer & Check, LLP please go to www.ktmc.com.

CONTACT:
Kessler Topaz Meltzer & Check, LLP
Jonathan Naji, Esq.
280 King of Prussia Road
Radnor, PA 19087
(484) 270-1453
[email protected] 

SOURCE Kessler Topaz Meltzer & Check, LLP