NEW
YORK, Aug. 2, 2023 /PRNewswire/ -- The Gross Law
Firm issues the following notice to shareholders of Seagate
Technology Holdings plc.
Shareholders who purchased shares of STX 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/seagate-loss-submission-form/?id=42837&from=4
CLASS PERIOD: September 15,
2020 to October 25, 2022
ALLEGATIONS: The complaint alleges that
during the class period, Defendants issued materially false and/or
misleading statements and/or failed to disclose that: (a) the
nature and magnitude of Seagate's hard disk drive ("HDD") sales to
Huawei Technologies Co. Ltd. ("Huawei"), including that Seagate
experienced a significant acceleration in sales to Huawei
immediately after the U.S. Department of Commerce Bureau of
Industry and Security ("BIS") rules went into effect and Seagate's
competitors stopped selling to Huawei; and (b) the underlying
details of Seagate's HDD manufacturing process, including the use
of covered U.S. software and technology in "essential 'production'"
processes, rendered its sales to Huawei in violation of the BIS
export rules. As a result, Seagate was in blatant violation of the
BIS export rules which resulted in an ongoing investigation by the
U.S. Department of Commerce and exposed Seagate to hundreds of
millions of dollars in fines and penalties.
DEADLINE: September 8, 2023
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/seagate-loss-submission-form/?id=42837&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of STX during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is September 8, 2023. There is no cost or obligation
to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm