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Intel facing 32 lawsuits over Meltdown and Spectre CPU security flaws

The Verge Friday, 16 February 2018
Intel facing 32 lawsuits over Meltdown and Spectre CPU security flawsIntel has revealed today that the company is facing at least 32 lawsuits over the Meltdown and Spectre CPU flaws. “As of February 15, 2018, 30 customer class action lawsuits and two securities class action lawsuits have been filed,” says Intel in an SEC filing today. The customer class action lawsuits are “seeking monetary damages and equitable relief,” while the securities lawsuits “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.”

Intel is also facing action from three shareholders who have each filed shareholder derivative actions that allege certain board...
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Source: Wochit News - < > Embed
News video: 32 Class Action Lawsuits Filed Against Intel

▶ 32 Class Action Lawsuits Filed Against Intel 00:42

On Friday, shareholders and customers filed 32 class action lawsuits against Intel in connection with recently-disclosed security flaws in the tech company's microchips. Most of the lawsuits claim users were harmed by Intel’s “actions and/or omissions” related to the flaws, which could allow...

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