Scott+Scott, Attorneys at Law, LLP Announces Investigation of Advanced Micro Devices, Inc. (AMD)
May 18 2015 - 10:58AM
Business Wire
Scott+Scott, Attorneys at Law, LLP (“Scott+Scott”), a national
shareholder and consumer rights litigation firm, announces the
commencement of an investigation into Advanced Micro Devices, Inc.
(NASDAQ:AMD) (“AMD”) related to potential violations of federal
securities laws and whether the AMD’s Officers and Directors have
breached their fiduciary duties owed to AMD and its shareholders.
If you are an AMD shareholder, you are encouraged to contact
Scott+Scott for additional information.
AMD (NASDAQ:AMD) is a semiconductor company that creates
microprocessors and other component parts to be included in
computer systems. AMD sells its microprocessors as CPUs to computer
manufacturers such as HP, Dell, and Sony.
On October 8, 2014, in AMD’s press release, AMD “announced that
its board of directors has appointed Dr. Lisa Su as president and
chief executive officer and member of the board of directors,
effective immediately. Dr. Su, 44, succeeds Rory Read, 52, who has
stepped down as president and chief executive officer, and member
of the board of directors, as part of a transition plan.” AMD’s
announcement regarding its CEO change was made a week ahead of its
earnings report.
On this news, shares of AMD plummeted from $3.28 per share on
October 8 to $2.95 per share on Oct 9, or more than 10%.
What You Can Do
If you are an AMD shareholder and you wish to discuss this
investigation, or have questions about this notice or your legal
rights, please contact attorney Joseph Halloran at (800) 404-7770
or (646) 582-0121 or at or jhalloran@scott-scott.com.
About Scott+Scott, Attorneys at Law, LLP
Scott+Scott has significant experience in prosecuting major
securities, antitrust, and employee retirement plan actions
throughout the United States. The firm represents pension funds,
foundations, individuals, and other entities worldwide.
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version on businesswire.com: http://www.businesswire.com/news/home/20150518006199/en/
Scott+Scott, Attorneys at Law, LLPJoseph V. Halloran,
646-582-0121jhalloran@scott-scott.com
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