An investigation for investors in Applied Materials, Inc. (NASDAQ: AMAT) shares over potential securities laws violations by Applied Materials, Inc. was announced
San Diego, CA -- (SBWIRE) -- 01/26/2024 -- Applied Materials, Inc is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Applied Materials, Inc. (NASDAQ: AMAT), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Applied Materials, Inc. (NASDAQ: AMAT regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Santa Clara, CA based Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. On November 17, 2023, Reuters published an article reporting that "[s]emiconductor equipment maker Applied Materials . . . is under U.S. criminal investigation for potentially evading export restrictions on China's top chipmaker SMIC[.]" Citing "three people familiar with the matter", the article reported that Applied Materials "is being probed by the Justice Department for sending equipment to SMIC via South Korea without export licenses."
Those who purchased shares of Applied Materials, Inc. (NASDAQ: AMAT) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.