STMicroelectronics N.V. Common Stock (NYSE: STM)
16 Days left to seek lead plaintiff status.
The Complaint alleges that during the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) contrary to prior representations, demand in STM’s automotive and industrial sectors continued to decline in the first half of 2024; (ii) as a result, the Company’s revenues and gross margins also continued to decline during this period; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.