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Investigation announced for Long-Term Investors in Raytheon Technologies Corporation (NYSE: RTX, NYSE: RTN) shares

02-12-2021 03:24 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Raytheon Technologies Corporation (NYSE: RTX, NYSE: RTN) shares.

An investigation on behalf of current long term investors in Raytheon Technologies Corporation (NYSE: RTX, NYSE: RTN) shares.

An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Raytheon Technologies Corporation.

Investors who are current long term investors in Raytheon Technologies Corporation (NYSE: RTX, NYSE: RTN) shares, 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 for current long term investors in NYSE: RTX, NYSE: RTN stocks follows a lawsuit filed against Raytheon Technologies Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: RTX, NYSE: RTN stocks, concerns whether certain Raytheon Technologies Corporation directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the District of Arizona the plaintiff alleges that, the defendants made false and/or misleading statements and/or failed to disclose that Raytheon Technologies had inadequate disclosure controls and procedures and internal control over financial reporting, that Raytheon Technologies had faulty financial accounting, that as a result, Raytheon misreported its costs regarding Raytheon’s Missiles & Defense business since 2009, that as a result of the foregoing, Raytheon was at risk of increased scrutiny from the government, that as a result of the foregoing, Raytheon would face a criminal investigation by the U.S. Department of Justice (“DOJ”), and that as a result, defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

Those who purchased shares of Raytheon Technologies Corporation (NYSE: RTX, NYSE: RTN) 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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