Seagate Technology $175M Securities Class Action Settlement
In re Seagate Technology Holdings plc Securities Litigation
What happened
Seagate agreed to pay $175 million to settle shareholder claims that it concealed weakening sales to a restricted Chinese customer during 2020–2023.
The allegations
Shareholders alleged Seagate made misrepresentations about demand and sales while allegedly continuing shipments to Huawei in violation of U.S. export restrictions; the SEC separately settled related charges with Seagate for $300M in 2023.
Who qualifies
You purchased Seagate (Nasdaq: STX) common stock between September 14, 2020 and April 19, 2023. Options are not eligible. Shares sold before March 7, 2022 recover $0. Brokerage records are required.
Class period: September 14, 2020 – April 19, 2023
How to claim
Submit a claim form (online or postmarked by the deadline) at SeagateSecuritiesLitigation.com with brokerage records. Claims must be postmarked or submitted online no later than October 19, 2026.
Defendants
Seagate Technology Holdings plc
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