Did Ingersoll Rand get bought out?
Yes, Intel successfully won the dismissal of a significant shareholder lawsuit that accused the company of fraudulently concealing internal operational problems within its foundry business. The plaintiffs had alleged that the company’s failure to disclose these issues, which led to job losses, dividend suspensions, and a massive 26% single-day drop in stock price—wiping out over $32 billion in market value—constituted securities fraud. However, in early 2025, U.S. District Judge Trina Thompson rejected the core claims, ruling that the shareholders had wrongly attributed certain losses to the wrong division and that the statements made by former CEO Patrick Gelsinger were not misleading. While the judge allowed the plaintiffs to file an amended complaint, it was a major legal victory for Intel.
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