Intel Facing 32 Lawsuits Due to Meltdown and Spectre Vulnerabilities

Intel in Hot Water – 32 Lawsuits Filed

According to Intel’s annual 10-K report filed with the Security Exchange Commission (SEC), the company is facing 30 customer class action lawsuits and two securities class action lawsuits as a direct result of the Meltdown and Spectre vulnerabilities reported last year.  The plaintiffs of the customer suit claim suffering due to the company.  This suffering is alleged to be a direct result of Intel’s actions or omission of the issues related to Spectre and Meltdown.  The plaintiffs from the securities class action suit represent the individuals who acquired Intel stock options from July 27, 2017 to January 4, 2018, who as stated within the company’s 10-K,

“…generally allege that Intel and certain officers violated securities laws by making statements about Intel’s products and internal controls that were revealed to be false or misleading by the disclosure of the security vulnerabilities.”

Since it is early it the litigation stage, it remains unclear if additional parties will join either of the class action lawsuits.  Intel also realizes this could just be the tip of the iceberg.  The company reported at this time, they are unable to estimate the projected loss this may create for the organization.

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20 thoughts on “Intel Facing 32 Lawsuits Due to Meltdown and Spectre Vulnerabilities

  1. win7pro dell nothing but trouble now blue screen dead.
    Was using PC MATIC scans were ok but it Obviously missed somthing 2 files kept trying to run with no real support yes i filed a ticket but no answer it finaly
    blue screened and dead Im pulling plug shutting down opperations for good locked doors Im done the damn building can burn no more hardware bs no more win bs no more bs period.

    • Chauvin, this is almost certainly due to the Microsoft update issues that have been plaguing all Windows computers with BSOD issues. I do see that you sent a support ticket into our customer support and it looks like they have replied each time. Have you checked your spam or junk folders on your email?

    • @JR Namida:
      It is called:
      Rule 10b5-1 is established by the Securities Exchange Commission (SEC) to allow insiders of publicly traded corporations to set up a trading plan for selling stocks they own. Rule 10b5-1 allows major holders to sell a predetermined number of shares at a predetermined time. Many corporate executives use 10b5-1 plans to avoid accusations of insider trading.

  2. You sent me instrutions for pc matic to my cell phone. I need you to send it my Yahoo email. Mrmc4540atyahoo.com. would you please resend the instructions to this address. I’ve already purchased your program and downloaded it to my desktop pc. This put a icon on my screen, but when I open the ic0n there is nothing on it to run the program. Please send me instructions and help to the email address above. Thank you.

    • Please reply to the email you received on your phone, and ask them to forward them to the Yahoo account. Or you may also simply forward them to yourself — which may be faster than sending in a helpdesk request. Our support team is quite prompt, but if you need them sent to that account immediately, you may click on “forward” then type your Yahoo email address, and it will go to that account.

      Thank you.

  3. They’ll get nothing in return. Vulnerabilities are a part of our daily life. You can’t seriously sue someone for them and expect to get refunded or anything like that.

  4. So now a hardware company is responsible for the loss of Option Traders?? How absurd! What next: file a lawsuit against the maker of horse chow because your bet at the track went bust? I would hope the it gets tossed out of court and all cost are charged to the plaintiffs. As a stockholder in INTC, I can’t stand green-mailers. The malware infected computers was caused by hackers, not hardware manufactures. It is time to go after these creeps hard. Life prison sentences and I don’t care if they are 13 years old.

    • À company which has stocks on an Exchange may not. release false statements about anything that could otherwise influence the price of that stock

      • @Eric-Jan:

        Intel did NOt make any false or misleading statements. As required, they reported the lawsuit and potential costs. Intel never made any claim regarding the lack of vulnerabilities to their processors.

  5. Meltdown took out 2 of my laptops. restore from image did not fox. had to blow away partitions and total reload. Had to do the same with one of my neighbors laptop as well

    errrrr.

    • I purchased PC Matic had nothing but computer issues on my Dell computer. Last week I ran the scan my Dell computer turned off and now I can not reboot the sysrem. I immediately removed PC Magic from my laptop and purchased Norton, which I always have used for both computers in the past years. With that said I thought I would try PC Matic this year! I completed a PC Matic survey prior to my computer crashing, stating I was not pleased with their product. I reached out to P C Matic support, response they are not computer techs! Very disappointed and now have to take my Dell computer in for repair!!! Very unhappy with the product.

      • Debbie, I’m sorry that you had a problem after installing PC Matic on your computer. It sounds like there may have been an issue with the recent Microsoft updates that have been plaguing PCs. Our techs forwarded the phone number Microsoft has set up specially for these issues.

      • Hi Debbie,
        We’re sorry to hear you’re experiencing issues. Our support team will do every thing they can to assist you; however, the latest Microsoft update has created a plethora of issues for Windows users. If there is anything we can do to help resolve the issue, please let us know.

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