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Lawsuit filed for Investors in shares of Fiat Chrysler Automobiles N.V. (NYSE: FCAU)

12-12-2019 03:26 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A lawsuit was filed on behalf of investors in Fiat Chrysler Automobiles N.V. (NYSE: FCAU) shares.

A lawsuit was filed on behalf of investors in Fiat Chrysler Automobiles N.V. (NYSE: FCAU) shares.

An investor, who purchased shares of Fiat Chrysler Automobiles N.V. (NYSE: FCAU), filed a lawsuit in the U.S. over alleged Securities Laws violations by Fiat Chrysler Automobiles N.V. in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Fiat Chrysler Automobiles N.V. (NYSE: FCAU) have certain options and for certain investors are short and strict deadlines running. Deadline: January 31, 2020. FNYSE: FCAU investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On November 20, 2019, General Motors Company ("GM") filed a federal racketeering lawsuit against Fiat Chrysler Automobiles N.V. and its former executives, accusing Fiat Chrysler Automobiles N.V. of bribing United Auto Workers ("UAW") officials to receive more favorable terms in labor negotiations. Specifically, GM alleged that Fiat Chrysler "corrupted" collective bargaining agreements between GM and UAW in 2009, 2011 and 2015 by paying millions in dollars in bribes, and that the alleged scheme was authorized at the highest levels of Fiat Chrysler, including the Company's late Chief Executive Officer Sergio Marchionne.
Shares of Fiat Chrysler Automobiles N.V. (NYSE: FCAU) declined from $16.25 per share on November 12, 2019 to as low as $14.67 per share on December 2, 2019.

The plaintiff claims that between February 26, 2016 and November 20, 2019, the defendants made false and/or misleading statements and/or failed to disclose that Fiat Chrysler Automobiles N.V. employed a bribery scheme to obtain favorable terms in its collective bargaining agreement with International Union, United Automobile, Aerospace and Agricultural Implement Workers of America, that high-ranking Fiat Chrysler Automobiles N.V. official were aware of and authorized the scheme, and that due to the foregoing, defendants’ statements about Fiat Chrysler Automobiles N.V.’s receivables, business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of Fiat Chrysler Automobiles N.V. (NYSE: FCAU) 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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