NEW YORK,
Aug. 22,
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=44160&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=44160&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