San Diego, CA -- (SBWIRE) -- 01/29/2018 -- An investor, who purchased NYSE:AMD shares filed a lawsuit against Advanced Micro Devices, Inc over alleged violations of Federal Securities Laws.

Investors who purchased shares of Advanced Micro Devices, Inc. (NYSE:AMD) have certain options and for certain investors are short and strict deadlines running. Deadline: March 19, 2018.NYSE:AMD investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff claims that between February 21, 2017 and January 11, 2018, the Defendants made false and/or misleading statements and/or failed to disclose that a fundamental security flaw in AMD's processor chips renders them susceptible to hacking, and that as a result, AMD's public statements were materially false and misleading at all relevant times.

On January 3, 2018, media outlets reported that Google Project Zero's security team had discovered serious security flaws affecting computer processors built by Intel Corporation, Advanced Micro Devices, Inc and other chipmakers. In a blog post, the Project Zero team stated that one of these security flaws—dubbed the "Spectre" vulnerability—allows third parties to gather passwords and other sensitive data from a system's memory. In response to the Project Zero team's announcement, a spokesperson for Advanced Micro Devices, Inc advised investors that while its own chips were vulnerable to one variant of Spectre, there was "near zero risk" that Advanced Micro Devices, Inc chips were vulnerable to the second Spectre variant.

Then, on January 11, 2018, post-market, Advanced Micro Devices, Inc issued a press release entitled "An Update on AMD Processor Security," acknowledging that its chips were, in fact, susceptible to both variants of the Spectre security flaw.

Those who purchased shares of Advanced Micro Devices, Inc. (NYSE:AMD) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com