Bragar Eagel & Squire Investigates Applied Materials on Behalf of Stockholders

NEW YORK, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a law firm that specializes in protecting the rights of stockholders, is currently looking into possible claims against Applied Materials, Inc. ("Applied Materials" or the "Company").

This investigation aims to determine if Applied Materials has violated any federal securities laws or engaged in illicit business practices that could harm the interests of its investors.

Recently, significant events have brought Applied Materials under scrutiny. On November 16, 2023, Reuters reported that the U.S. Justice Department is examining the Company for potential violations, specifically regarding export restrictions related to China’s leading chipmaker, SMIC. Following this news, the stock price of Applied Materials dropped by $6.19, or 4.02%, ending at $147.75 per share on November 17, 2023.

Further developments occurred on February 27, 2024, when Reuters announced that Applied Materials 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 were connected to shipments to China and requested information related to certain federal award applications. The reaction to this news was another decline in Applied Materials' stock price, which fell by $5.32, or 2.62%, to close at $197.54 per share on February 28, 2024.

If you are an investor in Applied Materials and have experienced financial losses, or if you have any relevant information or questions regarding your rights and interests in this matter, you are encouraged to reach out to Brandon Walker or Marion Passmore. You can contact them via email at [email protected] or by calling (212) 355-4648. Additionally, you can fill out a contact form for further assistance. Please note that there is no cost or obligation involved in this inquiry.

About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a well-established law firm with locations in New York and California. The firm provides legal representation to both individual and institutional investors involved in various litigation in state and federal courts across the United States. For more information, visit www.bespc.com. Note that prior results do not guarantee similar outcomes.

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investigation, stockholders, Applied Materials