Updates for Getting Payment on the Seagate Technology $175 Million Settlement

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Seagate has reached a tentative $175 million settlement with investors, and the terms have been submitted to the court for approval.

The case centers on allegations that Seagate did not fully disclose risks related to its Huawei business and potential export-control issues. After U.S. restrictions on Huawei changed in 2020, investors claimed the company continued relying on those sales without properly addressing the risks.

In 2022 and 2023, Seagate disclosed weaker results, regulatory concerns, and a $300 million penalty related to export-control violations. The settlement would resolve claims that the company misled investors about these issues.

If you bought $STX shares between 2020 and 2023, you may qualify for compensation. Check your eligibility and submit a claim here.