NEW YORK, Sept. 26, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of STMicroelectronics N.V. (NYSE: STM) between January 25, 2024 and July 24, 2024, both dates inclusive (the "Class Period"), of the important October 22, 2024 lead plaintiff deadline. SO WHAT: If you purchased STMicroelectronics securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee ...

SAN DIEGO, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired STMicroelectronics N.V. (NYSE: STM) securities between January 25, 2024 and July 24, 2024. STMicroelectronics, together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asian Pacific. For more information, submit a form, em ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In STMicroelectronics To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $100,000 in STMicroelectronics between January 25, 2024 to July 24, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247- 4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, ...

Core Viewpoint - STMicroelectronics N.V. is facing a class action lawsuit due to significant downward revisions in its financial projections, which have led to a notable decline in its stock price [1][2]. Financial Performance - For the second quarter ending June 29, 2024, STMicroelectronics reported a revenue of $3.23 billion, reflecting a year-over-year decline of 25.3% [2]. - The company has revised its total revenue forecast for 2024 to a range of $13.2 billion to $13.7 billion, down from a previous estimate of $14 billion to $15 billion [2]. - Earlier projections made during the fourth-quarter 2023 earnings call estimated 2024 revenues to be between $15.9 billion and $16.9 billion [2]. - Net sales to Original Equipment Manufacturers (OEMs) decreased by 14.9%, while sales through distribution channels fell by 43.7% year-over-year [2]. Legal Proceedings - Shareholders who purchased shares of STMicroelectronics between January 25, 2024, and July 24, 2024, are encouraged to register for the class action lawsuit [1][3]. - The deadline for shareholders to seek lead plaintiff status is October 22, 2024 [3]. - Participation in the case does not incur any cost or obligation for shareholders [3]. Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who have suffered losses due to misleading statements or omissions [4].

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In STMicroelectronics To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $100,000 in STMicroelectronics between January 25, 2024 to July 24, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247- 4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, ...

NEW YORK, Sept. 23, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of STMicroelectronics N.V. (NYSE: STM). Shareholders who purchased shares of STM during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/stmicroelectronics-loss-submission-form/?id=104028&from=4 CLASS PERIOD: January 2 ...

SAN DIEGO, Sept. 21, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of STMicroelectronics N.V. (NYSE: STM) securities between January 25, 2024 and July 24, 2024, inclusive (the "Class Period"), have until October 22, 2024 to seek appointment as lead plaintiff of the STMicroelectronics class action lawsuit. Captioned Wang v. STMicroelectronics N.V., No. 24-cv-06370 (S.D.N.Y.), the STMicroelectronics class action lawsuit charges STMicroelectronics as well as c ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In STMicroelectronics To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $100,000 in STMicroelectronics between January 25, 2024 to July 24, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247- 4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, ...

NEW YORK, Sept. 18, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of STMicroelectronics N.V. (NYSE: STM). Shareholders who purchased shares of STM during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/stmicroelectronics-loss-submission-form/?id=103184&from=3 CLASS PERIOD: Janua ...

Core Viewpoint - A class action has been filed against STMicroelectronics N.V. for allegedly misleading investors about its business prospects during the first half of 2024 [1][2]. Group 1: Allegations and Financial Performance - The complaint alleges that STMicroelectronics did not disclose a decline in demand in its automotive and industrial sectors, contrary to previous statements [2]. - As a result of the declining demand, the company's revenues and gross margins also continued to decline during this period [2]. - On July 25, 2024, STMicroelectronics announced Q2 2024 results, revising its FY 2024 revenue projections down to a range of $13.2 billion to $13.7 billion, a reduction from the previously revised forecast of $14 billion to $15 billion [3]. - The gross margin was also revised down to "about 40%," from the previously revised forecast of "in the low 40's" [3]. - Q2 revenue experienced a 25.3% decline year-over-year, amounting to $3.23 billion, with net sales to OEMs and through distribution channels decreasing by 14.9% and 43.7% year-over-year, respectively [3]. Group 2: Market Reaction - Following the announcement of the negative financial results, STMicroelectronics' share price fell by $6.07 per share, or 15.35%, closing at $33.47 per share on July 25, 2024 [3]. Group 3: Class Action Participation - Shareholders interested in participating in the class action must submit their application to the court by October 22, 2024 [4]. - A lead plaintiff will represent other class members in directing the litigation, but participation is not required to be eligible for recovery [4]. Group 4: Legal Representation - Robbins LLP, a recognized leader in shareholder rights litigation, is handling the case and operates on a contingency fee basis, meaning shareholders pay no fees or expenses [5]. - The firm has a history of recovering over $1 billion for shareholders since its inception [5].