You could be affected by a class action lawsuit against Advanced Micro Devices, Inc. ("AMD") and Individual Defendants Rory P. Read, Thomas J. Seifert, Richard A. Bergman, and Dr. Lisa T. Su (collectively "Defendants"). The Court authorized this notice, is allowing the case to proceed as a class action on behalf of a Class, and appointed attorneys as Class Counsel. The Court has not decided that Defendants did anything wrong. Defendants have not been ordered to pay any money. No settlement has been reached. There is no money available now and no guarantee that there will be in the future.
The lawsuit claims that investors suffered losses resulting from allegedly materially false and misleading statements Defendants made about the manufacturing and subsequent launch of, as well as the demand for, AMD's Llano microprocessor between April 4, 2011 and October 18, 2012, allegedly in violation of the Securities Exchange Act of 1934. Defendants deny any wrongdoing in this lawsuit and believe that the claims are without merit.
You are a potential Class Member only if you purchased or otherwise acquired shares of the publicly traded common stock of AMD during the period from April 4, 2011 through October 18, 2012, inclusive. Excluded from the Class are AMD and the Individual Defendants; members of the immediate families of the Individual Defendants; AMD's subsidiaries and affiliates; any person who was an officer or director of AMD or any of AMD's subsidiaries or affiliates during the Class Period; any entity in which any Defendant has a controlling interest; AMD's employee retirement and benefit plan(s); and the legal representatives, heirs, successors and assigns of any such excluded person or entity. Also excluded from the Class is any person or entity that timely and validly requests exclusion from the Class. In addition, Defendants have reserved their rights to move to de-certify the Class, in whole or in part, or to seek the exclusion from the Class of certain entities or individuals at a later date.
If you want to stay in the Class, you do not have to do anything now. If you do nothing, you will stay in the Class, be bound by the Court's orders, and will lose any right you may have to sue Defendants over the claims in this case. You must exclude yourself if you do not want to be a Class Member or to be bound by what the Court does and want to keep any rights you may have to sue Defendants over the claims in this case. To be excluded, you must send a letter to Epiq Systems, Inc. at P.O. Box 4349, Portland, OR 97208-4349, and must include certain information, as set forth in the long-form notice available at the website listed below. If excluded, you cannot get money or benefits recovered if any are awarded. The deadline to exclude yourself is January 19, 2017.
This notice is only a summary. For more information visit www.AMDSecuritiesLitigation.com or call 1-844-855-8569.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/to-all-persons-who-purchased-or-otherwise-acquired-shares-of-advanced-micro-devices-inc-stock-300366189.html
SOURCE Labaton Sucharow LLP & Motley Rice LLP