Seagate Settles Shareholder Claims

Published: 2026-06-01 20:54:05Z Author: Suarez Del Pito Technology

Seagate has reached a settlement with its shareholders over claims that it concealed sales to China's Huawei. The settlement amount is $175 million, resolving the allegations against the company.

Seagate has reached a settlement with its shareholders over claims that it concealed sales to China's Huawei. The settlement amount is $175 million, resolving the allegations against the company. This development brings an end to the dispute, but its impact on Seagate's business practices remains to be seen.