Press release
Investors who lost money with shares of Cummins Inc. (NYSE: CMI) should contact the Shareholders Foundation in connection with recently filed lawsuit.
A lawsuit was filed on behalf of investors in Cummins Inc. (NYSE: CMI) shares over alleged securities laws violations.
Investors who purchased shares of Cummins Inc. (NYSE: CMI) have certain options and for certain investors are short and strict deadlines running. Deadline: March 15, 2024. NYSE: CMI investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
Columbus, IN based Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. On December 22, 2023, the United States Department of Justice issued a press release entitled "Attorney General Merrick Garland Statement on the Agreement in Principle with Cummins to Settle Alleged Installation of Illegal Defeat Devices in Engines." It stated, in pertinent part, "[e]ngine manufacturer Cummins Inc. today disclosed that it has reached an agreement in principle with the United States and State of California to pay a $1.675 billion penalty to settle claims that it violated the Clean Air Act by installing emissions defeat devices on hundreds of thousands of engines."
Shares of Cummins Inc. (NYSE: CMI) declined from $265.28 per share on August 01, 2023, to as low as $230.15 per share on January 18, 2024.
The plaintiff claims that between April 30, 2019 and December 21, 2023, the defendants made materially false and/or misleading statements and/or failed to disclose that Contrary to its post-April 2019 Announcement assurances about its commitment to compliance, Cummins continued to produce engines with unlawful emission defeating devices from 2019 to 2023, that accordingly, Cummins understated its legal and regulatory risk, and overstated its commitment to environmental protection, and that as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times
Those who purchased shares of Cummins Inc. (NYSE: CMI) have certain options and should contact the Shareholders Foundation.
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 lawsuits, 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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