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IN RE MOBILEYE GLOBAL SECURITIES LITIGATION
Case Number:
1:24-cv-01390
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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April 16, 2025
Judge Axes Suit Against Intel Unit Mobileye Over Supply Glut
Autonomous driving company Mobileye Global Inc. has escaped a proposed investor class action that claimed the company's trading prices slid after it cut its first quarter revenue expectations in half, citing a supply glut, with a New York federal judge ruling that the investors' second amended complaint failed to plead any actionable misstatements, among other things.
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February 26, 2024
Intel Unit Mobileye Hit With 2nd Investor Suit Over Supply Glut
Autonomous driving company Mobileye Global Inc. and a trio of its current and former executives face a proposed investor class action after the company's trading prices slid after it cut its first quarter revenue expectations in half, citing a supply glut.