![]() ![]() Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. and docketed under 23-cv-03431, is filed in the United States District Court for the Northern District of California before the Honorable Susan Yvonne Illston.Ī lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The class action complaint against Seagate, captioned UA Local 38 Defined Contribution Pension Plan v. ![]() Kessler Topaz Meltzer & Check, LLP encourages Seagate investors who have suffered significant losses to contact the firm directly to acquire more information. Seagate investors may, no later than September 8, 2023, move the Court to serve as lead plaintiff for the class, through Kessler Topaz Meltzer & Check, LLPor other counsel, or may choose to do nothing and remain an absent class member. On October 26, 2022, Seagate disclosed that it received a Proposed Charging Letter from the BIS alleging that Seagate violated the Expert Administration Regulations by providing Seagate HDDs to "a customer and its affiliates listed on the BIS Entity List between August 2020 and September 2021."įollowing this news, the price of Seagate common stock fell nearly 8%, and fell an additional near 7% over the following three trading days. Department of Commerce Bureau of Industry and Security's ("BIS") Export Administration Regulations Entity List, which is a list of names of certain foreign persons and entities that are subject to specific license requirements for the export, re-export, and/or transfer (in-country) of specified items. On May 16, 2019, Huawei and certain of its non-U.S. ![]() ("Huawei"), is a significant purchaser of these products. Seagate is a leading global supplier of data storage products, including hard disk drives ("HDDs"), and the company, Huawei Technologies Co. We are proud to have recovered billions of dollars for our clients and the classes of shareholders we represent. Our securities fraud litigators are regularly recognized as leaders in the field individually and our firm is both feared and respected among the defense bar and the insurance bar. at (484) 270-1453 or via email at Topaz is one of the world's foremost advocates in protecting the public against corporate fraud and other wrongdoing. LEAD PLAINTIFF DEADLINE:SEPTEMBER 8, 2023ĬLASS PERIOD: SEPTEMTHROUGH OCTOBER 25, 2022ĬONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS: CANNOT VIEW THIS VIDEO? PLEASE CLICK HERE ![]()
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