Seagate Reaches $175mln Deal in Shareholder Fraud Case over Huawei Drives Sales - HUM News English
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.2 Articles
2 Articles
Seagate Technology has reached a $175 million settlement with shareholders to settle a class-action lawsuit alleging that it harmed shareholders by selling more than $1.1 billion worth of hard drives to Chinese telecommunications company Huawei and concealing violations of U.S. export control laws.
Seagate reaches $175mln deal in shareholder fraud case over Huawei drives sales - HUM News English
CALIFORNIA: Seagate Technology has reached a $175 million deal to settle a shareholder fraud case over alleged undisclosed sales of hard disk drives to China’s Huawei Technologies. A preliminary agreement in the proposed class-action lawsuit against Seagate, CEO Dave Mosley, and CFO Gianluca Romano was filed late Friday in a San Francisco federal court. The settlement still requires approval from a judge. Shareholders, including pension funds fr…
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
