Rosen Law Firm Files Class Action Suit Against AMD
Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Advanced Micro Devices, Inc. (NASDAQ: AMD) from February 21, 2017 through January 11, 2018, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Advanced Micro investors under the federal securities laws.
According to the lawsuit, defendants during the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) a fundamental security flaw in Advanced Micro’s processor chips renders them susceptible to hacking; and (2) as a result, Advanced Micro’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.