SHAREHOLDER ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of September 8, 2023 in the Class Action Filed on Behalf of Seagate Technology Holdings plc (STX) Shareholders

NEW YORK, Sept. 06, 2023 (GLOBE NEWSWIRE) -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Seagate Technology Holdings plc (NASDAQ: STX) alleging that the Company violated federal securities laws.

Class Period: September 15, 2020 to October 25, 2022
Lead Plaintiff Deadline: September 8, 2023
No obligation or cost to you.

Learn more about your recoverable losses in STX:
https://www.kleinstocklaw.com/pslra-1/seagate-lawsuit-loss-submission-form?id=46483&from=3

Seagate Technology Holdings plc NEWS - STX NEWS

CLASS ACTION CASE DETAILS: The filed complaint alleges that Seagate Technology Holdings plc made materially false and/or misleading statements and/or failed to disclose 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 YOU AS A SHAREHOLDER: If you have suffered a loss in Seagate you have until September 8, 2023 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you purchased Seagate securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.

HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the STX lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/seagate-lawsuit-loss-submission-form?id=46483&from=3.

ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
J. Klein, Esq.
535 Fifth Avenue
4th Floor
New York City, NY 10017
[email protected]
Telephone: (212) 616-4899
www.kleinstocklaw.com