Huawei Seagate
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Seagate reaches US$175 million settlement of shareholder claims it concealed sales to China's Huawei
Seagate reaches US$175 million settlement of shareholder claims it concealed sales to China's Huawei Seagate Technology reached a US$175 million settlement of a lawsuit claiming it defrauded shareholders by concealing it violated US export control laws by selling more than US$1.1 billion of hard disk drives to China's Huawei Technologies. A preliminary settlement of the proposed class action against Seagate, Chief Executive Dave Mosley and Chief Financial Officer Gianluca Romano was filed...