Press release
CAE Inc. (NYSE: CAE) Investor Alert: Deadline in Lawsuit on September 16, 2024
A Deadline is coming up on September 16, 2024 in the lawsuit for certain investors in CAE Inc. (NYSE: CAE).
Investors who purchased shares of CAE Inc. (NYSE: CAE) have certain options and there are strict and short deadlines running. Deadline: September 16, 2024. NYSE: CAE stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges on behalf of purchasers of CAE Inc. (NYSE: CAE) common shares between February 11, 2022 and May 21, 2024, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 11, 2022 and May 21, 2024, the defendants made materially false and misleading statements concerning significant cost overruns in CAE's Defense and Security ("Defense") segment caused by several fixed-price, long-term Defense contracts entered prior to the COVID-19 pandemic, that in truth, certain of CAE's pre-COVID fixed-price Defense contracts had experienced such significant cost overruns that the Company needed to take over $720 million in charges and profit adjustments and "re-baselin[e]" its entire Defense business, and that the Defendants continued to make false representations regarding the strength of the Defense segment.
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.
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