in the news
Law360: AMD Gets Investor Suit over Chip Flaw Axed5月 24, 2019
A California federal judge dismissed a stock-drop suit filed against Advanced Micro Devices Inc., finding that investors failed to show risk disclosures were false or misleading. The proposed class action stemmed from a 1% drop in the price of AMD shares after a public announcement that its chips were vulnerable to a security flaw.
O’Melveny partner Matthew Close and counsel Brittany Rogers are representing Advanced Micro Devices.