NEW YORK , Sept. 17, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Applied Materials, Inc. ("Applied Materials" or the "Company") (NASDAQ: AMAT).
Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether Applied Materials and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On November 16, 2023 , Reuters reported that Applied Materials was under criminal investigation by the U.S.
Justice Department for potentially evading export restrictions on China's top chipmaker, SMIC. On this news, Applied Materials' stock price fell $6.19 per share, or 4.
02%, to close at $147.75 per share on November 17 , 2023. Then, on February 27, 2024 , Reuters reported that Applied Materials had received a subpoena from both the U.
S. Securities and Exchange Commission and the U.S.
Attorney's Office for the District of Massachusetts related to China shipments, requesting information concerning certain federal award applications. On this news, Applied Materials' stock price fell $5.32 per share, or 2.
62%, to close at $197.54 per share on February 28, 2024 . Pomerantz LLP, with offices in New York , Chicago , Los Angeles , London , Paris , and Tel Aviv , is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litiga.