The Shareholders Foundation announces that an investigation on behalf of former employees of Intel Corporation (NASDAQ:INTC) was initiated concerning a potential conspiracy among certain technology companies to suppress the wages of their highly skilled workers and employees.
Former employees who worked at any time Intel Corporation (NASDAQ:INTC) have certain options and should contact the Shareholders Foundation, Inc. at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
According to the investigation by a law firm the certain former employees of Intel Corporation (NASDAQ:INTC) may have been deprived hundreds of millions of dollars in compensation and may be eligible to file a complaint over violations of Federal Law.
Recently a proposed $325 million settlement was rejected in a 2011 lawsuit over alleged antitrust violations by certain companies, including Intel. The lawsuit alleged that those companies, including Intel, colluding to not hire each other’s highly skilled employees.
Intel and other companies were already targets of a Justice Department antitrust lawsuit in 2010, in which the government contended that their “no solicitation” agreements prevented highly skilled employees from commanding better wages and job opportunities.
Intel Corporation reported that its annual Total Revenue declined from over $53.99 billion for the 53 weeks period that ended on Dec 31, 2011 to over $52.7 billion for the 52 weeks period that ended on Dec. 28, 2013 and that its respective Net Income declined from over $12.94 billion to over $9.62 billion. Shares of Intel Corporation (NASDAQ:INTC) grew from under $20 per share in November 2012 to as high as over $35 per share in September 2014. During mid-October NASDAQ:INTC shares declined to as low as $29.65 per share on October 15, 2014.
On November 4, 2014, NASDAQ:INTC shares closed at $35.54 per share.
Those who are former employees who worked at Intel Corporation (NASDAQ:INTC) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com