Investigation Launched on Behalf of Applied Materials Shareholders

NEW YORK, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a well-respected law firm focusing on stockholder rights, has initiated an investigation regarding potential claims against Applied Materials, Inc. ("Applied Materials" or "the Company") which is listed as AMAT on the NASDAQ. This investigation is being carried out for the benefit of Applied Materials stockholders.

The firm is looking into whether Applied Materials may have breached federal securities laws or engaged in any illegal business practices.

Recently, significant developments have sparked concern over Applied Materials' operations. On November 16, 2023, Reuters reported that the U.S. Justice Department is conducting a criminal investigation concerning potential violations related to export restrictions on the Chinese chipmaker, SMIC. As news broke, the share price of Applied Materials dipped by $6.19, or 4.02%, closing at $147.75 on November 17, 2023.

Further complications arose on February 27, 2024, when Reuters indicated that Applied Materials had received subpoenas from both the U.S. Securities and Exchange Commission and the U.S. Attorney's Office for the District of Massachusetts. These subpoenas relate to shipments to China and seek information about specific federal award applications. Following this disclosure, the company’s stock fell by $5.32, equating to a 2.62% drop, and closed at $197.54 on February 28, 2024.

If you have purchased or acquired shares of Applied Materials and have experienced a loss, or if you are a long-term stockholder with information regarding the situation, Bragar Eagel & Squire encourages you to reach out for assistance. Brandon Walker and Marion Passmore can be contacted via email at [email protected], by phone at (212) 355-4648, or through a contact form available on their website. There is no cost or obligation involved.

The Role of Bragar Eagel & Squire, P.C.

Bragar Eagel & Squire, P.C. is a renowned law firm with offices in New York and California. They represent both individual and institutional investors in various complex litigations including commercial, securities, and derivative cases across state and federal courts throughout the U.S. For additional details about the firm, interested parties can visit www.bespc.com.

This situation reminds investors of the importance of staying informed about their investments and the potential risks involved.

investigation, securities, stockholders