Bragar Eagel & Squire Investigates Applied Materials, Inc.

NEW YORK, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a law firm recognized nationwide for its focus on stockholder rights, is currently looking into potential claims against Applied Materials, Inc. ("Applied Materials" or the "Company") AMAT on behalf of stockholders.

This investigation centers on whether Applied Materials has transgressed federal securities laws or engaged in other unlawful business conduct.

Recent Developments

On November 16, 2023, Reuters reported troubling news that Applied Materials is under a criminal investigation by the U.S. Justice Department. This investigation pertains to allegations of the company possibly evading export restrictions related to China's leading chipmaker, Semiconductor Manufacturing International Corporation (SMIC). Following this information, the company's stock experienced a notable decline, dropping $6.19 per share, which translates to a 4.02% decrease, closing at $147.75 on November 17, 2023.

Subsequently, on February 27, 2024, further revelations emerged as Reuters indicated that Applied Materials had received subpoenas from both the U.S. Securities and Exchange Commission and the U.S. Attorney's Office for the District of Massachusetts. These subpoenas demanded information concerning shipments to China and specific federal award applications. This news prompted another drop in the company’s stock, with a decrease of $5.32 per share, equating to a 2.62% drop, which left the stock closing at $197.54 on February 28, 2024.

Contact Information for Investors

If you are an investor who has purchased or otherwise acquired shares in Applied Materials and have incurred losses, or if you have long-held shares and possess relevant information, Bragar Eagel & Squire are eager to discuss these claims with you. Additionally, if you have any inquiries regarding this announcement or your legal rights related to these matters, you may reach out to Brandon Walker or Marion Passmore at [email protected], by phone at (212) 355-4648, or by completing their contact form. There are no costs or obligations involved in this process.

About Bragar Eagel & Squire, P.C.

Bragar Eagel & Squire, P.C. operates as a prominent law office based in New York and California. The firm is committed to representing individual and institutional investors amid various forms of litigation, including commercial, securities, derivative, and other complex cases across state and federal courts nationwide. For further details about their services, you can visit www.bespc.com. Please note that this is attorney advertising and previous results do not ensure similar outcomes.

investigation, securities, lawsuit