Kaplan Fox Announces Investigation of Intel Corporation

NEW YORK, Jan. 5, 2018 /PRNewswire/ -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating Intel Corporation ("Intel" or the "Company") (Nasdaq: INTC) on behalf of investors who purchased Intel securities. 

On January 3, 2018, CNBC reported that "[s]ecurity researchers released documentation this week of critical vulnerabilities in modern processors used on almost every computer around the world.  The hardware bugs – known as Meltdown and Spectre could allow programs to steal data including 'passwords stored in a password manager or browser, your personal photos, emails, instant messages and even business critical documents.'"

CNBC further reported that Intel CEO Brian Krzanich "sold off a large chunk of his stake in the company after the chipmaker was made aware of serious security flaw" and that an "SEC filing last November [2017] showed Krzanich sold off about 644,000 shares by exercising his options and another roughly 245,700 shares he already owned . . . That reduced Krzanich's total number of share to 250,000, which is the bare minimum that an Intel CEO should own, according to the Motely Fool."

On January 3 through January 4, 2018, Intel stock declined $2.42 per share, over 5%, on heavier than usual trading volume.

For more information about Kaplan Fox & Kilsheimer LLP or its investigation of Intel, you may contact [e-mail] or visit our website at www.kaplanfox.com. 

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has decades of experience in prosecuting investor class actions.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

If you have any questions about this press release, please contact:

Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue; 14^th Floor
New York, NY 10022
[phone]
[phone]
[e-mail] 
www.kaplanfox.com

 

View original content:http://www.prnewswire.com/news-releases/kaplan-fox-announces-investigation-of-intel-corporation-300578289.html

SOURCE Kaplan Fox & Kilsheimer LLP

Copyright 2018 PR Newswire