Caterpillar Inc. (NYSE:CAT) Shareholder Alert: Investigation over Possible Violations of Securities Laws
An investigation for shareholders in Caterpillar Inc. (NYSE:CAT) shares over potential securities laws violations by Caterpillar was announced and NYSE:CAT stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWire) -- 12/16/2015 --An investigation for shareholders in Caterpillar Inc. shares over potential securities laws violations by Caterpillar Inc. was announced.
Investors who purchased shares of Caterpillar Inc. (NYSE:CAT), 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 Caterpillar Inc. (NYSE:CAT) concerning whether a series of statements by Caterpillar regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Caterpillar Inc. reported that its annual Total Revenue declined from over $65.87 billion in 2012 to over $55.18 billion in 2014 and that its respective Net Income declined from over $5.68 billion to over $3.69 billion.
On February 17, 2015, Caterpillar Inc. announced that on January 8, 2015, Caterpillar Inc received a grand jury subpoena from the U.S. District Court for the Central District of Illinois. Caterpillar Inc said that the subpoena requests documents and information from the Company relating to, among other things, financial information concerning U.S. and non-U.S. Caterpillar subsidiaries (including undistributed profits of non-U.S. subsidiaries and the movement of cash among U.S. and non-U.S. subsidiaries).
Shares of Caterpillar Inc. (NYSE:CAT) declined from $111.08 per share in July 2014 to as low as $67.81 per share in October 2015.
On November 17, 2015, NYSE:CAT shares closed at $69.39 per share.
Those who purchased shares of Caterpillar Inc. (NYSE:CAT) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
Media Relations Contact
Michael Daniels
General Manager
Shareholders Foundation
858-779-1554
http://www.ShareholdersFoundation.com
View this press release online at: http://rwire.com/649696