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US Commerce Secretary Lutnick and Intel CEO Sued Over Company's Sale of 10% Stake to US Government
6 hour ago /
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Author：小编
An investor in Intel Corporation recently filed a lawsuit against CEO Pat Gelsinger and US Commerce Secretary Howard Lutnick. The lawsuit stems from the chipmaker's unprecedented sale of a 10% stake to the federal government last year. The case was secretly filed in Delaware's Chancery Court, with public documents revealing that the lawsuit seeks 'monetary damages' for alleged breaches of fiduciary duty by Intel's executives. The case summary indicates that the shareholder lawsuit also names the US Department of Commerce as a co-defendant.
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