INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Seagate Technology Holdings plc and Encourages Investors with Losses to

LOS ANGELES, CA / ACCESSWIRE / April 24, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announced that it is investigating claims on behalf of investors of Seagate Technology Holdings plc (“Seagate” or “the Company”) (NASDAQ:STX) for violations of the securities laws.

The Schall Law Firm, Monday, April 24, 2023, Press release picture

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Seagate is the subject of a statement released by the Bureau of Industry and Security (BIS) on April 19, 2023. According to the statement, the Company will pay a $300 million penalty to “resolve alleged violations of US export controls related to selling hard disk drives (HDDs) to Huawei Technologies Co. Ltd. (Huawei) in violation of the foreign direct product (FDP) rule. This historic foreign direct product enforcement case and settlement represents the largest standalone administrative penalty in BIS history. Today’s resolution also includes a multi-year audit requirement and a five-year suspended Denial Order.”

If you are a shareholder who has 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 discuss your rights free of charge. You can also reach us through the firm’s website at, or by email at [email protected].

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable laws and rules of ethics.


The Schall Law Firm
Brian Schall, Esq.
[email protected]

SOURCE: The Schall Law Firm

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