Investigation announced for Investors who lost money with shares of CAE Inc. (NYSE: CAE)

An investigation was announced for investors of CAE Inc. (NYSE: CAE) shares over potential securities laws violations by CAE Inc. in connection with certain financial statements.

Investors who purchased shares of CAE Inc. (NYSE: CAE), 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 possible claims on behalf of purchasers of the securities of CAE Inc. (NYSE: CAE) concerning whether a series of statements by CAE Inc. (NYSE: CAE regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Canada based CAE Inc., together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, the Oceania, Africa, and Rest of the Americas. CAE Inc. reported that its Total Revenue rose from over 4.2 billion CAD for the 12 months period that ended on March 31, 2023, to over 4.28 billion CAD for the 12 months period that ended on March 31, 2024, and that its Net Income of 222.7 million CAD for the 12 months period that ended on March 31, 2023 turned to a Net Loss of 304 million CAD for the 12 months period that ended on March 31, 2024.

On May 21, 2024, CAE Inc., announced its preliminary unaudited financial results for the fourth quarter and the entirety of fiscal year 2024, concurrently providing an initial outlook for fiscal year 2025. Additionally, CAE disclosed its intention to record significant financial adjustments, including a $568.0 million goodwill impairment, $90.3 million in unfavorable contract adjustments, and a $35.7 million impairment of related intangible assets.

Shares of CAE Inc. (NYSE: CAE) declined from $25.04 per share on September 15, 2023, to as low as $17.40 per share on May 22, 2024.

Those who purchased shares of CAE Inc. (NYSE: CAE) 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.

This release was published on openPR.