The Shareholders Foundation announces that an investor, who purchased NYSE:CAT shares, filed a lawsuit against Caterpillar Inc over alleged Securities Laws Violations in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Caterpillar Inc. (NYSE:CAT) have certain options and for certain investors are short and strict deadlines running. Deadline: May 2, 2017. NYSE:CAT investors should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.
According to the complaint the plaintiff alleges on behalf of purchasers of Caterpillar Inc. (NYSE:CAT) common shares between February 19, 2013 and March 1, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 19, 2013 and March 1, 2017, the Defendants made false and/or misleading statements and/or failed to disclose that Caterpillar unlawfully used foreign subsidiaries to avoid paying billions of dollars in U.S. taxes, that discovery of the foregoing conduct would subject the Company to heightened regulatory scrutiny and potential criminal sanctions, and that as a result of the foregoing, Caterpillar’s public statements were materially false and misleading at all relevant times.
Caterpillar Inc. reported that its annual Total Revenue declined from $47.01 billion in 2015 to over $38.53 billion in 2016 and that its Net Income of over $2.51 billion in 2015 declined to a Net Loss of $67.00 million in 2016. Shares of Caterpillar Inc. (NYSE:CAT) grew from $59.87 per share in January 2016 to as high as $99.20 per share in February 2017.
On March 2, 2017, Caterpillar Inc announced that on March 2, 2017, law enforcement authorities entered three Peoria-area Caterpillar Inc. (NYSE: CAT) facilities, including the corporate headquarters, to execute a search and seizure warrant and that the warrant is focused on the collection of documents and electronic information. Shares of Caterpillar Inc. (NYSE:CAT) declined on March 9, 2017 to as low as $90.41 per share.
Those who purchased NYSE:CAT shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego
The post NYSE:CAT Investor Alert: Lawsuit filed over Alleged Securities Laws Violations by Caterpillar Inc. appeared first on GroundReport.
This post first appeared on 6 Surprising Benefits Of Custom Graphic Design To Build Your Brand, please read the originial post: here