Intel faces 32 lawsuits over Spectre, Meltdown chip flaws

  • Small
  • Medium
  • Large

Intel is facing at least 32 lawsuits over the Spectre and Meltdown flaws in its chips, which it disclosed in January, according to CNBC.

"As of Feb. 15, 2018, 30 customer class action lawsuits and two securities class action lawsuits have been filed," Intel noted in an SEC filing obtained by CNBC.

Here are four things to know.

1. The customer class action lawsuits are "seeking monetary damages and equitable relief."

2. The Securities complaints "allege that Intel and certain officers violated securities laws by making statements about Intel's products and internal controls that were revealed to be false or misleading by the disclosure of the security vulnerabilities."

3. The company is also dealing with an action brought forth by three shareholders who have filed shareholder derivative actions. They claim certain board members and officers failed "to take action in relation to alleged insider trading."  

4. Intel's initial response to the flaws has been limited, and its security patches slowed down computers. The patch to processors that addressed the Spectre flaw have caused reboots to some machines, and Microsoft had to issue an emergency update to disable Intel's bug-ridden patch.

Copyright © 2021 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars