The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Seagate Technology Holdings plc (“Seagate” or “the Company”) (NASDAQ: STX) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Seagate announced its earnings for the quarter ending September 30, 2022, before the market opened on October 26, 2022. The Company admitted that it has been warned by the federal government that it may have violated export control laws by selling hard drives to a customer on the trade blacklist, which is reportedly China-based Huawei. Based on this news, shares of Seagate fell sharply in intraday trading on the same day.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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