STX LAWSUIT ALERT: Levi & Korsinsky Notifies Seagate Technology Holdings plc Investors of a Class Action Lawsuit and Upcoming Deadline

PRESS RELEASE
Published August 22, 2023

NEW YORK, NY / ACCESSWIRE / August 22, 2023 / Levi & Korsinsky, LLP notifies investors in Seagate Technology Holdings plc ("Seagate" or the "Company") (NASDAQ:STX) of a class action securities lawsuit.

The lawsuit on behalf of Seagate investors has been commenced in the United States District Court for the Northern District of California. Affected investors purchased or otherwise acquired certain Seagate Technology Holdings plc securities between September 15, 2020 and October 25, 2022. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/seagate-lawsuit-submission-form?prid=44238&wire=1

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

Seagate Technology Holdings plc NEWS - STX NEWS

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (a) the nature and magnitude of Seagate's hard disk drive ("HDD") sales to Huawei Technologies Co. Ltd. ("Huawei"), including that Seagate experienced a significant acceleration in sales to Huawei immediately after the U.S. Department of Commerce Bureau of Industry and Security ("BIS") rules went into effect and Seagate's competitors stopped selling to Huawei; and (b) the underlying details of Seagate's HDD manufacturing process, including the use of covered U.S. software and technology in "essential ‘production'" processes, rendered its sales to Huawei in violation of the BIS export rules. As a result, Seagate was in blatant violation of the BIS export rules which resulted in an ongoing investigation by the U.S. Department of Commerce and exposed Seagate to hundreds of millions of dollars in fines and penalties.

WHAT THIS MEANS TO SHAREHOLDERS: If you suffered a loss in Seagate during the relevant timeframe, you have until September 8, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. Discuss your rights with our legal team without cost or obligation.

PROTECT YOUR FINANCIAL INTERESTS: Complete this brief submission form https://zlk.com/pslra-1/seagate-lawsuit-submission-form?prid=44238&wire=1 or call 212-363-7500 to discuss the case.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 4th Floor Suite #427
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP



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