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Deadline on Oct 21st coming up in Lawsuit for Investors in Textron Inc. (NYSE: TXT)

10-08-2019 04:09 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A Deadline is coming up on October 21, 2019 in the lawsuit for certain investors in Textron Inc. (NYSE: TXT).

A Deadline is coming up on October 21, 2019 in the lawsuit for certain investors in Textron Inc. (NYSE: TXT).

The Shareholders Foundation announced that a deadline is coming up on October 21, 2019 in the lawsuit filed for certain investors of Textron Inc. (NYSE: TXT) over alleged securities laws violations by Textron Inc.

Investors who purchased shares of Textron Inc. (NYSE: TXT) have certain options and there are strict and short deadlines running. Deadline: October 21, 2019. Textron Inc. (NYSE: TXT stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges on behalf of purchasers of Textron Inc. (NYSE: TXT) common shares between January 31, 2018 and October 17, 2018, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between January 31, 2018 and October 17, 2018, the Defendants failed to disclose that end-market sales of Arctic Cat products were slowing, resulting in a massive glut of old Arctic Cat inventory on dealers’ floors, that in order to clear out this old inventory, the Company provided significant price discounts, which negatively impacted Textron’s earnings, and that as a result, Textron’s positive statements about Arctic Cat’s business, operations, and prospects were false and misleading

Those who purchased shares of Textron Inc. (NYSE: TXT) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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