NYSE: STM LAWSUIT ALERT: Investors Who Lost Money With Shares of STMicroelectronics N.V. (NYSE:STM) Should Contact the Shareholders Foundation

SAN DIEGO, CA, September 4, 2024 (Newswire.com) - A lawsuit was filed for certain investors in STMicroelectronics N.V. (NYSE:STM) shares. Investors in NYSE: STM shares should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.

The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in STMicroelectronics N.V. (NYSE:STM) shares.

Investors that purchased a significant number of shares of STMicroelectronics N.V. (NYSE: STM) have certain options and for certain investors are short and strict deadlines running. Deadline: October 22, 2024. NYSE: STM investors should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.

On July 25, 2024, STMicroelectronics N.V. disclosed its U.S. GAAP financial results for the second quarter ending June 29, 2024, and subsequently revised its full-year revenue and margin projections downward for the second time within the current fiscal year.

On August 23, 2024, a lawsuit was filed by an investor in NYSE: STM shares against STMicroelectronics N.V. The plaintiff alleged that the defendants made false and/or misleading statements and/or failed to disclose that contrary to prior representations, demand in STM's automotive and industrial sectors continued to decline in the first half of 2024, that as a result, the Company's revenues and gross margins also continued to decline during this period, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

Those who purchased STMicroelectronics N.V. (NYSE: STM) shares should contact the Shareholders Foundation, Inc.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
[email protected]
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a 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. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

Contact Information

Michael Daniels
Manager
[email protected]
858-779-1554

SOURCE: Shareholders Foundation, Inc.

Source: Shareholders Foundation, Inc.