ROSEN, A LEADING NATIONAL FIRM, Encourages STMicroelectronics N.V. Investors to Secure Counsel Before Important Deadline in Securities Class Action – STM

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][6]. - To serve as lead plaintiff, individuals must file a motion with the Court by October 22, 2024 [3]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting its own success in this area [4]. - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company, and has consistently ranked highly in terms of settlements since 2013 [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].