Posted at 12:06 p.m., Tuesday, July 29, 2003
Lawsuit against Intel dismissed
Advertiser StaffA class-action lawsuit that alleged Intel Corp. executives made false statements to inflate the semiconductor giantís stock price has been dismissed.
Attorneys representing the lead plaintiff, the Hawaii Reinforcing Iron Workers Pension Trust Fund, did not return calls or e-mail messages seeking comment.
U.S. District Judge Jeremy Fogel granted Intelís motion to dismiss yesterday, saying plaintiffs failed to show company officials knowingly misled investors about Intel products or revenues in the third quarter of 2000.