Bragar Eagel & Squire Investigates Potential Claims Against Applied Materials

NEW YORK, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a prominent law firm specializing in rights for stockholders, has announced that it is looking into possible legal claims against Applied Materials, Inc. ("Applied Materials" or "the Company") due to concerns regarding the company's compliance with federal securities laws and business practices.

This investigation is particularly relevant for investors who feel they may have suffered losses related to their shares in Applied Materials.

Background of the Investigation

Recent reports have raised significant questions about Applied Materials and its dealings with certain foreign entities. On November 16, 2023, Reuters highlighted that the U.S. Department of Justice has opened a criminal investigation into Applied Materials. The inquiry focuses on the company's alleged efforts to circumvent export restrictions concerning China’s leading chipmaker, SMIC. Following this news, the stock price of Applied Materials experienced a decline of $6.19 per share, dropping 4.02%, to close at $147.75 on November 17, 2023.

Further compounding these issues, on February 27, 2024, another report from Reuters indicated that Applied Materials had been served with subpoenas from the U.S. Securities and Exchange Commission and the U.S. Attorney's Office for the District of Massachusetts. These subpoenas are related to shipments to China and seek information about specific federal award applications. In response to this news, Applied Materials' share price fell by $5.32, or 2.62%, to close at $197.54 on February 28, 2024.

How Investors Can Get Involved

If you are a stockholder of Applied Materials and have experienced financial losses, or if you have relevant information regarding this situation, Bragar Eagel & Squire invites you to reach out. Interested investors can contact the firm through email at [email protected] or call them at (212) 355-4648. Investors can also fill out a contact form available on the firm's website. There is no cost or obligation to contact the firm.

About Bragar Eagel & Squire, P.C.

This law firm is well-regarded at the national level and has offices in New York and California. Bragar Eagel & Squire, P.C. advocates for both individual and institutional investors involved in various legal disputes, including commercial, securities, and derivative litigation across state and federal courts.

For further details about the firm and its services, please visit www.bespc.com. Please note, however, that attorney advertising does not guarantee similar results in other cases.

Investigation, Securities, Stockholders