According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that:
- contrary to prior representations, demand in ST’s automotive and industrial sectors continued to decline in the first half of 2024;
- as a result, ST’s revenues and gross margins also continued to decline during this period; and
- as a result, ST’s public statements were materially false and misleading at all relevant times.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Attorney Advertising. Prior results do not guarantee a similar outcome.
