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Scott+Scott, Attorneys at Law, LLP Announces Investigation of Advanced Micro Devices, Inc. (AMD)Scott+Scott, Attorneys at Law, LLP ("Scott+Scott"), a national shareholder and consumer rights litigation firm, announces the commencement of an investigation into Advanced Micro Devices, Inc. (NASDAQ:AMD (News - Alert)) ("AMD") related to potential violations of federal securities laws and whether the AMD's Officers and Directors have breached their fiduciary duties owed to AMD and its shareholders. If you are an AMD shareholder, you are encouraged to contact Scott+Scott for additional information. AMD (NASDAQ:AMD) is a semiconductor company that creates microprocessors and other component parts to be included in computer systems. AMD sells its microprocessors as CPUs to computer manufacturers such as HP,Dell (News - Alert), and Sony. On October 8, 2014, in AMD's press release, AMD "announced that its board of directors has appointed Dr. Lisa Su as president and chief executive officer and member of the board of directors, effective immediately. Dr. Su, 44, succeeds Rory Read, 52, who has stepped down as president and chief executive officer, and member of the board of directors, as part of a transition plan." AMD's announcement regarding its CEO change was made a week ahead of its earnings report. On this news, shares of AMD plummeted from $3.28 per share on October 8 to $2.95 per share on Oct 9, or more than 10%. What You Can Do If you are an AMD shareholder and you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Joseph Halloran at (800) 404-7770 or (646) 582-0121 or at or [email protected]. About Scott+Scott, Attorneys at Law, LLP Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide.
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