STMicroelectronics NV Is Being Sued For Violating Securities Laws And Affected Shareholders Are Urged To Contact The Schall Law Firm

LOS ANGELES, CA / ACCESSWIRE / October 6, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a category motion lawsuit against STMicroelectronics N.V. ("STMicroelectronics" or "the Company") (NYSE:STM) violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between January 25, 2024 and July 24, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before October 22, 2024.

If you happen to are a shareholder who suffered a loss, click here to participate.

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 debate your rights freed from charge. You can too reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com

The category, on this case, has not yet been certified, and until certification occurs, you usually are not represented by an attorney. If you happen to decide to take no motion, you may remain an absent class member.

In response to the Grievance, the Company made false and misleading statements to the market. STMicroelectronics failed to realize the needed visibility to accurately forecast its future performance. The Company was not equipped to handle ongoing challenges with its end users. Based on these facts, the Company's public statements were false and materially misleading throughout the category period. When the market learned the reality about STMicroelectronics, investors suffered damages.

Join the case to get better your losses.

The Schall Law Firm represents investors around the globe and focuses on securities class motion lawsuits and shareholder rights litigation.

This press release could also be considered Attorney Promoting in some jurisdictions under the applicable law and rules of ethics.