9th Circuit Finds Investors Didn’t Show Falsity Of Claims From Intel

(April 23, 2024, 1:12 PM EDT) -- SAN FRANCISCO — In a four-page opinion, a Ninth Circuit U.S. Court of Appeals panel affirmed a California federal judge’s dismissal of a putative class complaint brought by investors against computer chip manufacturer Intel Corp. and certain of its executives, finding that the investors failed to show that the company knowingly issued false statements about the timeline of a new product’s launch....