NEW YORK, Jan. 12, 2018 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Advanced Micro Devices, Inc. (“AMD” or the “Company”) (NASDAQ: AMD). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 9980.
The investigation concerns whether AMD and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On January 3, 2018, following reports that processor chips manufactured by AMD’s competitor, Intel Corporation, contained a major security flaw—known as the “Spectre” vulnerability—AMD advised investors that while its own chips were vulnerable to one variant of Spectre, there was “near zero risk” that AMD chips were vulnerable to the second Spectre variant. Then, on January 11, 2018, post-market, AMD acknowledged that its chips were, in fact, susceptible to both variants of the Spectre security flaw. On this news, AMD’s share price has fallen sharply during intraday trading on January 12, 2018.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
SOURCE Pomerantz LLP