April 26, 2019 - The case was dismissed.

April 16, 2019 - The complaint was not amended.

March 29, 2019 - The court granted the defendants' motion to dismiss. The plaintiffs were given leave to amend the complaint.

August 29, 2018 - A motion to dismiss the complaint was filed.

June 7, 2018 - The case was transferred to the U.S. District Court for the Northern District of California.

January 10, 2018 - An investor in shares of Intel Corporation (NASDAQ: INTC) filed a lawsuit in the U.S. District Court for Central District of California over alleged violations of Federal Securities Laws by Intel Corporation in connection with certain allegedly false and misleading statements made between July 27, 2017, and January 4, 2018.

Intel Corporation reported that its annual Total Revenue rose from over $55.35 billion in 2015 to over $59.38 billion in 2016 and that its Net Income declined from over $11.42 billion in 2015 to over $10.31 billion in 2016. Shares of Intel Corporation (NASDAQ: INTC) grew from $29.02 per share in August 2016 to as high as $47.56 per share on December 20, 2017.

On October 27, 2017, Intel Corporation revised the 2017 outlook upward based on it achieving double-digit growth.

Then on November 29, 2017, Intel Corporation Chief Executive Officer ( CEO ) Brian Krzanich sold over $39 million of Intel Corporation shares. After the sale, it left Krzanich holding just 250,000 shares, the bare minimum under Intel's corporate governance guidelines that he will be required to hold in May 2018 – his 5th anniversary of being named CEO.

On Tuesday, January 2, 2018, a report was published disclosing that some Intel processors have a fundamental design flaw that will spur a significant security update of Linux and Microsoft Windows operating systems to work around it. The report states that the chips manufactured by AMD, Intel Corporation's largest competitor, were not affected. Citing a December 20, 2017, post on technology blog LWN.net, technology blogger Peter Bright at ARS Technica reported on January 3, 2018, that the first Linux patches had already been devised and were being distributed by the end of October 2017, followed soon by Microsoft patches in November 2017.

Shares of Intel Corporation (NASDAQ: INTC) declined on January 4, 2018 to $42.69 per share.

According to the complaint the plaintiff alleges on behalf of purchasers of Intel Corporation (NASDAQ: INTC) common shares between July 27, 2017, and January 4, 2018, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between July 27, 2017, and January 4, 2018 the defendants made false and/or misleading statements and/or failed to disclose that a fundamental design flaw exists in Intel’s processor chips that makes them vulnerable to hacking, that updates to fix the problems in Intel’s processor chips could cause Intel chips to operate significantly more slowly, and that as a result, Defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.