{"id":769406,"date":"2023-07-12T16:27:12","date_gmt":"2023-07-12T20:27:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/class-action-lawsuit-filed-on-behalf-of-seagate-technology-holdings-plc-stx-investors-nationally-ranked-investors-rights-firm-holzer-holzer-llc-encourages-investors-with-significan\/"},"modified":"2023-07-12T16:27:12","modified_gmt":"2023-07-12T20:27:12","slug":"class-action-lawsuit-filed-on-behalf-of-seagate-technology-holdings-plc-stx-investors-nationally-ranked-investors-rights-firm-holzer-holzer-llc-encourages-investors-with-significan","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/class-action-lawsuit-filed-on-behalf-of-seagate-technology-holdings-plc-stx-investors-nationally-ranked-investors-rights-firm-holzer-holzer-llc-encourages-investors-with-significan\/","title":{"rendered":"Class Action Lawsuit Filed on Behalf of Seagate Technology Holdings plc (STX) Investors &#8211; Nationally Ranked Investors\u2019 Rights Firm Holzer &amp; Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">ATLANTA, July  12, 2023  (GLOBE NEWSWIRE) &#8212; Holzer &amp; Holzer, LLC informs investors that a class action lawsuit has been filed against Seagate Technology Holdings plc (\u201cSeagate\u201d\u202for the \u201cCompany\u201d) (NASDAQ: STX). The lawsuit alleges Seagate made materially false and\/or misleading statements and\/or failed to disclose material adverse facts, including allegations that: (a) the nature and magnitude of Seagate\u2019s HDD sales to Huawei, including that Seagate experienced a significant acceleration in sales to Huawei immediately after the U.S. Department of Commerce Bureau of Industry and Security\u2019s (\u201cBIS\u201d) rules went into effect and Seagate\u2019s competitors stopped selling to Huawei; (b) that the underlying details of Seagate\u2019s HDD manufacturing process, including the use of covered U.S. software and technology in \u201cessential \u2018production\u2019\u201d processes, rendered its sales to Huawei in violation of the BIS export rules; and (c) Seagate was in violation of the BIS export rules which resulted in an ongoing investigation by the U.S. Department of Commerce and exposed the Company to hundreds of millions of dollars in fines and penalties.<\/p>\n<p align=\"justify\">If you bought shares of Seagate between September 15, 2020 and October 25, 2022, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=einWwyA2ZEBbO-EccgqvNJlMf73BFz6XbPmHDSchErdyirwPAVnaX0Yi1sTAtMxKSqQS3WEF4zZqGFPsf2-7FD1UXU8ifmYiqaCDtdvdkMM=\" rel=\"nofollow noopener\" target=\"_blank\">cholzer@holzerlaw.com<\/a> or Joshua Karr, Esq. at\u202f<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=EMEIcfNkJwWkbeH7LfS-ou4_zY9VU9qbNr8Taf3Wj2dOsbnj8v4etGbLHc9oTW9EXBzVLQgnoTfbuOBLJ9MV4P-UDmuJis8YfvzKrHWEfis=\" rel=\"nofollow noopener\" target=\"_blank\">jkarr@holzerlaw.com<\/a>, by toll-free telephone at (888) 508-6832 or you may visit the firm\u2019s website <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=EblusxSMPpm1Jp5A7o5UZYNV-wdF1c3OdlMLdDiAjLrxSLv5lT9uMagVF3STYfIoSCUExoWNeaTY9uciVIF-WdY824m6s6d_zO7O7OMGxpYO7QmB4bCbDZjtmUiwYd6a\" rel=\"nofollow noopener\" target=\"_blank\"><u>www.holzerlaw.com\/case\/seagate\/<\/u><\/a>\u00a0to learn more.<\/p>\n<p align=\"justify\">\n        <strong>The deadline to ask the court to be appointed lead plaintiff in the case is September 8, 2023. <\/strong>\n      <\/p>\n<p align=\"justify\">Holzer &amp; Holzer, LLC, an ISS top rated securities litigation law firm for 2021 and 2022, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer &amp; Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct.\u202fMore information about the firm is available through its website,\u202f<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=EblusxSMPpm1Jp5A7o5UZfgycPUVpOhLWSeqfWo7AP_d_ZOZrGq2heSM1eS6Cd1YI6rkkH75CBDcxV7R-FNsF_MEXaiE_GNH6lWslXfUxX4=\" rel=\"nofollow noopener\" target=\"_blank\">www.holzerlaw.com<\/a>,\u202fand upon request from the firm. Holzer &amp; Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.<\/p>\n<p align=\"justify\">CONTACT:<br \/>Corey Holzer, Esq.<br \/>(888) 508-6832 (toll-free) <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=einWwyA2ZEBbO-EccgqvNJlMf73BFz6XbPmHDSchErdfNq434b2CgqfQFF9_gAQ4Y71cVuuepIS9zJwSwx1FIhoWuvkv2T4Vi0mKPPqOoqw=\" rel=\"nofollow noopener\" target=\"_blank\">cholzer@holzerlaw.com<\/a><\/p>\n<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg3MzU5NiM1Njg5OTEzIzIxODA3Njc=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MGE3ZGMxZjctNzM4Yy00M2UwLTllMGEtOWVkNTY5Mzg2MmFlLTExOTIzMzY=\/tiny\/Holzer-Holzer.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>ATLANTA, July 12, 2023 (GLOBE NEWSWIRE) &#8212; Holzer &amp; Holzer, LLC informs investors that a class action lawsuit has been filed against Seagate Technology Holdings plc (\u201cSeagate\u201d\u202for the \u201cCompany\u201d) (NASDAQ: STX). The lawsuit alleges Seagate made materially false and\/or misleading statements and\/or failed to disclose material adverse facts, including allegations that: (a) the nature and magnitude of Seagate\u2019s HDD sales to Huawei, including that Seagate experienced a significant acceleration in sales to Huawei immediately after the U.S. Department of Commerce Bureau of Industry and Security\u2019s (\u201cBIS\u201d) rules went into effect and Seagate\u2019s competitors stopped selling to Huawei; (b) that the underlying details of Seagate\u2019s HDD manufacturing process, including the use of covered U.S. software and technology in \u201cessential \u2018production\u2019\u201d processes, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/class-action-lawsuit-filed-on-behalf-of-seagate-technology-holdings-plc-stx-investors-nationally-ranked-investors-rights-firm-holzer-holzer-llc-encourages-investors-with-significan\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Class Action Lawsuit Filed on Behalf of Seagate Technology Holdings plc (STX) Investors &#8211; Nationally Ranked Investors\u2019 Rights Firm Holzer &amp; Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-769406","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Class Action Lawsuit Filed on Behalf of Seagate Technology Holdings plc (STX) Investors - Nationally Ranked Investors\u2019 Rights Firm Holzer &amp; Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/class-action-lawsuit-filed-on-behalf-of-seagate-technology-holdings-plc-stx-investors-nationally-ranked-investors-rights-firm-holzer-holzer-llc-encourages-investors-with-significan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Class Action Lawsuit Filed on Behalf of Seagate Technology Holdings plc (STX) Investors - Nationally Ranked Investors\u2019 Rights Firm Holzer &amp; Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ATLANTA, July 12, 2023 (GLOBE NEWSWIRE) &#8212; Holzer &amp; Holzer, LLC informs investors that a class action lawsuit has been filed against Seagate Technology Holdings plc (\u201cSeagate\u201d\u202for the \u201cCompany\u201d) (NASDAQ: STX). The lawsuit alleges Seagate made materially false and\/or misleading statements and\/or failed to disclose material adverse facts, including allegations that: (a) the nature and magnitude of Seagate\u2019s HDD sales to Huawei, including that Seagate experienced a significant acceleration in sales to Huawei immediately after the U.S. Department of Commerce Bureau of Industry and Security\u2019s (\u201cBIS\u201d) rules went into effect and Seagate\u2019s competitors stopped selling to Huawei; (b) that the underlying details of Seagate\u2019s HDD manufacturing process, including the use of covered U.S. software and technology in \u201cessential \u2018production\u2019\u201d processes, &hellip; Continue reading &quot;Class Action Lawsuit Filed on Behalf of Seagate Technology Holdings plc (STX) Investors &#8211; Nationally Ranked Investors\u2019 Rights Firm Holzer &amp; Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/class-action-lawsuit-filed-on-behalf-of-seagate-technology-holdings-plc-stx-investors-nationally-ranked-investors-rights-firm-holzer-holzer-llc-encourages-investors-with-significan\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-12T20:27:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg3MzU5NiM1Njg5OTEzIzIxODA3Njc=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/class-action-lawsuit-filed-on-behalf-of-seagate-technology-holdings-plc-stx-investors-nationally-ranked-investors-rights-firm-holzer-holzer-llc-encourages-investors-with-significan\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/class-action-lawsuit-filed-on-behalf-of-seagate-technology-holdings-plc-stx-investors-nationally-ranked-investors-rights-firm-holzer-holzer-llc-encourages-investors-with-significan\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Class Action Lawsuit Filed on Behalf of Seagate Technology Holdings plc (STX) Investors &#8211; 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The lawsuit alleges Seagate made materially false and\/or misleading statements and\/or failed to disclose material adverse facts, including allegations that: (a) the nature and magnitude of Seagate\u2019s HDD sales to Huawei, including that Seagate experienced a significant acceleration in sales to Huawei immediately after the U.S. Department of Commerce Bureau of Industry and Security\u2019s (\u201cBIS\u201d) rules went into effect and Seagate\u2019s competitors stopped selling to Huawei; (b) that the underlying details of Seagate\u2019s HDD manufacturing process, including the use of covered U.S. software and technology in \u201cessential \u2018production\u2019\u201d processes, &hellip; Continue reading \"Class Action Lawsuit Filed on Behalf of Seagate Technology Holdings plc (STX) Investors &#8211; Nationally Ranked Investors\u2019 Rights Firm Holzer &amp; Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/class-action-lawsuit-filed-on-behalf-of-seagate-technology-holdings-plc-stx-investors-nationally-ranked-investors-rights-firm-holzer-holzer-llc-encourages-investors-with-significan\/","og_site_name":"Market Newsdesk","article_published_time":"2023-07-12T20:27:12+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg3MzU5NiM1Njg5OTEzIzIxODA3Njc=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/class-action-lawsuit-filed-on-behalf-of-seagate-technology-holdings-plc-stx-investors-nationally-ranked-investors-rights-firm-holzer-holzer-llc-encourages-investors-with-significan\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/class-action-lawsuit-filed-on-behalf-of-seagate-technology-holdings-plc-stx-investors-nationally-ranked-investors-rights-firm-holzer-holzer-llc-encourages-investors-with-significan\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Class Action Lawsuit Filed on Behalf of Seagate Technology Holdings plc (STX) Investors &#8211; 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