An investigation on behalf of current long term investors in Advanced Micro Devices, Inc. (NYSE:AMD) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 06/13/2018 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Advanced Micro Devices, Inc..
Investors who are current long term investors in Advanced Micro Devices, Inc. (NYSE:AMD) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE:AMD stocks follows a lawsuit filed recently against Advanced Micro Devices, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE:AMD stocks, concerns whether certain Advanced Micro Devices directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that the Defendants made false and/or misleading statements and/or failed to disclose that a fundamental security flaw in AMD's processor chips renders them susceptible to hacking, and that as a result, AMD's public statements were materially false and misleading at all relevant times.
On January 3, 2018, media outlets reported that Google Project Zero's security team had discovered serious security flaws affecting computer processors built by Intel Corporation, Advanced Micro Devices, Inc and other chipmakers. In a blog post, the Project Zero team stated that one of these security flaws—dubbed the "Spectre" vulnerability—allows third parties to gather passwords and other sensitive data from a system's memory. In response to the Project Zero team's announcement, a spokesperson for Advanced Micro Devices, Inc advised investors that while its own chips were vulnerable to one variant of Spectre, there was "near zero risk" that Advanced Micro Devices, Inc chips were vulnerable to the second Spectre variant. Then, on January 11, 2018, post-market, Advanced Micro Devices, Inc issued a press release entitled "An Update on AMD Processor Security," acknowledging that its chips were, in fact, susceptible to both variants of the Spectre security flaw.
Those who purchased shares of Advanced Micro Devices, Inc. (NYSE:AMD) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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