Loss Executives Association

Seagate Reaches $175M Settlement of Shareholder Claims It Concealed Sales to Huawei

June 1, 2026

Seagate Technology reached a $175 million settlement of a lawsuit claiming it defrauded shareholders by concealing it violated U.S. export control laws by selling more than $1.1 billion of hard disk drives to China’s Huawei Technologies. A preliminary settlement of …

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