The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of STMicroelectronics N.V. (“ST” or “the Company”) (NYSE: STM) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. ST issued a press release on its second quarter 2024 financial results on July 25, 2024. The Company also revised its full year revenue and margin projections down. The Company’s second quarter revenue also declined more than 25% year-over-year. Based on this news, shares of ST fell by more than 15.3% on the same day.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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