What Is the Applied Materials, Inc. Class Action Lawsuit About?
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Applied Materials, Inc. (“Applied Materials” or “the Company”) (NASDAQ: AMAT). Investors who purchased Applied Materials securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Applied Materials has violated federal securities laws.
Investigation Details:
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.” On this news, Applied Materials’ stock price fell $6.22 per share, or 4.02%, to close at $148.59 per share on November 17, 2023.
What’s Next?
If you are aware of any facts relating to this investigation or purchased Applied Materials securities, you can assist this investigation. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
How Did Applied Materials, Inc. Stock React to the Disclosures?
How Is BG&G Representing Investors in Securities Class Actions?
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
“Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace.”