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STMicroelectronics Faces Class-Action Lawsuit Following Major Financial Downturn
STMicroelectronics' CEO and CFO face a class-action lawsuit alleging misrepresentation of financial prospects, leading to an 18.4% revenue decline in Q1 2024, a 50% stock devaluation, and accusations of insider trading totaling nearly $8 million.
STMicroelectronics Faces Class-Action Lawsuit Following Major Financial Downturn
STMicroelectronics' CEO and CFO face a class-action lawsuit alleging misrepresentation of financial prospects, leading to an 18.4% revenue decline in Q1 2024, a 50% stock devaluation, and accusations of insider trading totaling nearly $8 million.
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