Chronicle Journal: Finance

Portnoy Law: Lawsuit Filed On Behalf of Semiconductor Manufacturing International Corporation Investors

Click here to join the case

LOS ANGELES, Dec. 14, 2020 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of Semiconductor Manufacturing International Corporation ("Semiconductor" or "the Company") (NYSE: GWRE) investors that acquired securities between April 23, 2020 and September 26, 2020.

Investors are encouraged to contact attorney Lesley F. Portnoy, to determine eligibility to participate in this action, by phone 310-692-8883 or email, or click here to join the case.

It is alleged in the complaint that Semiconductor made misleading and/or false statements to the market. SMIC suffered from an increased chance of U.S. sanctions as a result of an “unacceptable risk” that equipment supplied to Semiconductor would be used for military applications. Semiconductor’s suppliers would require “difficult-to-obtain” individual export licenses due to these restrictions. Semiconductor’s public statements were false and materially misleading, based on these facts. Investors suffered damages when the market learned the truth about SMIC.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com

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