Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against STMicroelectronics due to significant losses suffered by investors, particularly following the company's recent financial disclosures and lowered revenue guidance for fiscal year 2024 [1][3][4]. Group 1: Legal Investigation and Claims - Faruqi & Faruqi is encouraging investors who incurred losses exceeding $100,000 in STMicroelectronics between January 25, 2024, and July 24, 2024, to discuss their legal options [1]. - The firm has set an October 22, 2024, deadline for investors to seek the role of lead plaintiff in a federal securities class action against STMicroelectronics [1][5]. - The investigation focuses on allegations that STMicroelectronics provided misleading information regarding its revenue expectations and market conditions, particularly in the industrial and automotive sectors [3]. Group 2: Financial Performance and Market Reaction - On July 25, 2024, STMicroelectronics announced its second-quarter financial results and reduced its revenue guidance for the full fiscal year 2024, citing a lack of improvement in customer orders for industrial products and a decline in automotive demand [4]. - Following this announcement, STMicroelectronics' stock price fell from $39.54 per share on July 24, 2024, to $33.47 per share on July 25, 2024, marking a decline of over 15.3% in one day [4].

NEW YORK, Sept. 12, 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=101879&from=4 CLASS PERIOD: January 2 ...

NEW YORK, Sept. 10, 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=101242&from=3 CLASS PERIOD: Janua ...

SAN DIEGO, Sept. 10, 2024 (GLOBE NEWSWIRE) -- The law firm of 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, both dates 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 STMi ...

Core Viewpoint - A class action lawsuit has been filed against STMicroelectronics N.V. for allegedly making materially false and misleading statements regarding its revenue outlook and ability to manage challenges in its key markets during the class period from January 25, 2024, to July 24, 2024 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that STMicroelectronics and certain senior executives violated federal securities laws [1]. - Investors have until October 22, 2024, to seek appointment as lead plaintiff in the class action lawsuit [1]. - The lawsuit is being handled by DiCello Levitt, which specializes in various types of litigation [8]. Group 2: Financial Performance and Guidance - In January 2024, STMicroelectronics projected its full year 2024 revenue to be between $15.9 billion and $16.9 billion [5]. - On April 25, 2024, the company reported poor financial results for Q1 and revised its full year guidance down to a range of $14 billion to $15 billion, citing lower revenues in Automotive and Industrial sectors [6]. - The company further reduced its full year guidance on July 25, 2024, to a range of $13.2 billion to $13.7 billion, leading to a stock drop of over 13% on the same day [7].

Core Viewpoint - Investors in STMicroelectronics N.V. have the opportunity to lead a securities fraud class action lawsuit due to substantial losses incurred during the specified class period [1][2]. Group 1: Class Action Details - The class period for the lawsuit is defined as January 25, 2024, to July 24, 2024 [1]. - The deadline for investors to become lead plaintiffs is set for October 22, 2024 [1]. - Investors suffering losses are encouraged to contact the Law Offices of Howard G. Smith for legal rights discussion [1][3]. Group 2: Allegations Against the Company - The complaint alleges that the company failed to disclose a lack of appropriate visibility to generate the guidance it provided [2]. - It is claimed that the company did not adequately analyze the visibility it had or was not equipped to handle ongoing challenges in its end-market industries [2]. - As a result, the positive statements made by the company regarding its business, operations, and prospects were materially misleading and lacked a reasonable basis [2].

NEW YORK, Sept. 07, 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 ...

LOS ANGELES, Sept. 06, 2024 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming October 22, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired STMicroelectronics N.V. ("STM" or the "Company") (NYSE: STM) securities between January 25, 2024 to July 24, 2024, inclusive (the "Class Period"). If you suffered a loss on your STM investments or would like to inquire about potentially pursuing claim ...

NEW YORK, Sept. 04, 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 ...

Core Viewpoint - A class action lawsuit 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 lawsuit claims that STMicroelectronics failed to 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%, respectively, year-over-year [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: Legal Proceedings - 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: Company Background - STMicroelectronics designs, develops, manufactures, and sells semiconductor products across various regions, including Europe, the Middle East, Africa, the Americas, and the Asia Pacific [1].