Lawsuit for Investors in NYSE:CAT Shares Alleges Misleading Statements by Caterpillar Inc.
A lawsuit was filed on behalf of investors in Caterpillar Inc. (NYSE:CAT) shares over alleged securities laws violations and NYSE:CAT investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWire) -- 03/09/2017 --An investor, who purchased shares of Caterpillar Inc. (NYSE:CAT), filed a lawsuit in Illinois over alleged violations of Federal Securities Laws by Caterpillar Inc..
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 firstname.lastname@example.org or call 858-779-1554.
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.
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 2, 2017 to as low as $92.84 per share.
Those who purchased shares of Caterpillar Inc. have certain options and should contact the Shareholders Foundation.
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View this press release online at: http://rwire.com/779699