This lawsuit is for anyone who acquired securities in Seagate Technology Holdings plc (NASDAQ: STX) from September 15, 2020 through October 25, 2022.
The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by telling investors that the Company complied with all applicable laws but then by selling hard drives to a Chinese company that the U.S. banned from receiving the hard drives.
On October 26, 2022, before the market opened, Seagate disclosed that it has been warned by the federal government that it may have violated export control laws by selling hard drives to a customer on the trade blacklist, which is reportedly China-based Huawei.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.
The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Seagate Technology Holdings plc (NASDAQ: STX) from September 15, 2020 through October 25, 2022 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.
3070 Bristol Pike, Suite 112, Bensalem, PA 19020 
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hsmith@howardsmithlaw.com