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Intel faces new legal challenge amid plummeting stock prices

Intel’s troubles keep mounting after slashing its workforce and watching its stock nosedive, resulting to a new lawsuit. The Construction Laborer’s Pension Trust of Greater St. Louis alleges Intel’s leadership misled investors about the company’s struggling foundry business. With the stock down 26% and losses piling up, this lawsuit adds to Intel’s growing list of problems, leaving investors increasingly wary.

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