Cision PR Newswire

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Applied Materials, Inc. - AMAT

NEW YORK, Nov. 20, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Applied Materials, Inc. ("Applied Materials" or the "Company") (NASDAQ: AMAT). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980. 

The investigation concerns whether Applied Materials and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  

[Click here for information about joining the class action] 

On November 17, 2023, Reuters published an article reporting that "[s]emiconductor equipment maker Applied Materials . . . is under U.S. criminal investigation for potentially evading export restrictions on China's top chipmaker SMIC[.]"  Citing "three people familiar with the matter", the article reported that Applied Materials "is being probed by the Justice Department for sending equipment to SMIC via South Korea without export licenses." 

On this news, Applied Materials' stock price fell $6.22 per share, or 4.02%, to close at $148.59 per share on November 17, 2023.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com

Attorney advertising.  Prior results do not guarantee similar outcomes.  

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980

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SOURCE Pomerantz LLP

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