Core Viewpoint - Rosen Law Firm is reminding investors who purchased STMicroelectronics N.V. securities between January 25, 2024, and July 24, 2024, of the upcoming lead plaintiff deadline on October 22, 2024, for a class action lawsuit [1]. Group 1: Class Action Details - Investors who bought STMicroelectronics securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3]. - The lead plaintiff must file a motion with the Court by October 22, 2024, to represent other class members in the litigation [3]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements in this area [4]. - The firm has secured significant settlements for investors, including over $438 million in 2019 and has been ranked highly for its performance in securities class action settlements [4]. Group 3: Case Allegations - The lawsuit alleges that during the Class Period, STMicroelectronics made false or misleading statements regarding demand in its automotive and industrial sectors, which continued to decline in the first half of 2024 [5]. - As a result of these misrepresentations, STMicroelectronics' revenues and gross margins also declined, leading to investor damages when the true information became public [5].
ROSEN, NATIONAL TRIAL COUNSEL, Encourages STMicroelectronics N.V. Investors to Secure Counsel Before Important Deadline in Securities Class Action – STM