{"id":842629,"date":"2024-08-08T10:25:07","date_gmt":"2024-08-08T04:55:07","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=842629"},"modified":"2024-08-08T10:25:07","modified_gmt":"2024-08-08T04:55:07","slug":"intel-is-sued-by-shareholders-alleging-securities-fraud","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/08\/intel-is-sued-by-shareholders-alleging-securities-fraud\/","title":{"rendered":"Intel is sued by shareholders alleging securities fraud"},"content":{"rendered":"<p>Intel was sued on Wednesday by shareholders who said it fraudulently concealed problems that led to weak second-quarter results, and prompted the Silicon Valley chipmaker to suspend its dividend and to plan cutting its workforce by 15%.<\/p>\n<p>The proposed class action filed in San Francisco federal court seeks unspecified damages. Intel Chief Executive Patrick Gelsinger and Chief Financial Officer David Zinsner are also defendants.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Intel was sued on Wednesday by shareholders who said it fraudulently concealed problems that led to weak second-quarter results, and prompted the Silicon Valley chipmaker to suspend its dividend and to plan cutting its workforce by 15%. The proposed class action filed in San Francisco federal court seeks unspecified damages. Intel Chief Executive Patrick Gelsinger and Chief Financial Officer David Zinsner are also defendants.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-842629","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/842629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=842629"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/842629\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=842629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=842629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=842629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}