Intel Hit with 32 Lawsuits over Security Flaws

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Due to Spectre and Meltdown, Intel is facing numerous lawsuits from both shareholders and consumers. Thirty of these are from users who say they have been harmed by the company’s “actions and/or omissions.” The other two are securities class actions that allege Intel made false and misleading statements concerning its products. The company’s filing also listed three individual Intel shareholders who had filed actions against members of Intel’s board and other managers, alleging that they failed their duties to Intel by failing to take action in relation to alleged insider trading. It did not specify what allegations of wrongdoing the suit dealt with. Discussion…
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