Press release
Investigation announced for Long-Term Investors in CAE Inc. (NYSE: CAE) over potential Wrongdoing
An investigation on behalf of current long term investors in CAE Inc. (NYSE: CAE) shares over possible breaches of fiduciary duty
Investors who are current long term investors in CAE Inc. (NYSE: CAE) 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: CAE stocks follows a lawsuit filed against CAE Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: CAE stocks, concerns whether certain CAE Inc. 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 Southern District of New York the plaintiff alleges that 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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