Press release
Investigation announced for Investors in shares of Delphi Technologies PLC (NYSE: DLPH)
An investigation for investors in Delphi Technologies PLC (NYSE: DLPH) shares over potential securities laws violations.
Investors who purchased shares of Delphi Technologies PLC (NYSE: DLPH), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Delphi Technologies PLC regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
United Kingdom based Delphi Technologies PLC engages in the design, development, and manufacture of integrated powertrain technologies worldwide. Delphi Technologies PLC declined from over $4.85 billion in 2018 to over $4.36 billion in 2019, and that its Net Income declined from $358 million in 2018 to $17 million in 2019.
On March 31, 2020, Delphi Technologies PLC announced that it received notice from BorgWarner regarding the Company's decision to draw on its credit facility. Borg Warner claims that Delphi's decision to draw on its credit facility represents a material breach of the buyout agreement announced earlier this year. Delphi Technologies PLC stated that it "determined it was prudent and in the best interests of the Company and its shareholders to draw down on its full $500 million revolving credit facility to best position the Company to weather the current market conditions."
Shares of Delphi Technologies PLC (NYSE: DLPH) declined from $16.30 per share on January 27, 2020 to as low as $6.39 per share on April 3, 2020.
Those who purchased shares of Delphi Technologies PLC (NYSE: DLPH) 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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