Securities
Jun. 2, 2026
Seagate reaches $175M settlement in Huawei securities case
Seagate Technology agreed to pay $175 million to settle investor claims that it misled shareholders about its business relationship with Huawei and potential exposure to U.S. export-control enforcement.
Data storage company Seagate, represented by Wilson Sonsini Goodrich & Rosati, reached a $175 million settlement with investors who claimed it withheld information about its ties to Chinese tech giant Huawei.
On Friday, plaintiffs represented by Motley Rice LLC and Bernstein Litowitz Berger & Grossmann LLP filed an unopposed motion for preliminary approval of the settlement, which would resolve all claims. They had alleged that Seagate withheld information to avoid scrutin...
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