An investigation on behalf of current long term investors in Raytheon Technologies Corporation (NYSE:RTX, NYSE:RTN) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 02/16/2021 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Raytheon Technologies Corporation.
Investors who are current long term investors in Raytheon Technologies Corporation (NYSE: RTX, NYSE: RTN) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NYSE: RTX, NYSE: RTN stocks follows a lawsuit filed against Raytheon Technologies Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: RTX, NYSE: RTN stocks, concerns whether certain Raytheon Technologies Corporation directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that, the defendants made false and/or misleading statements and/or failed to disclose that Raytheon Technologies had inadequate disclosure controls and procedures and internal control over financial reporting, that Raytheon Technologies had faulty financial accounting, that as a result, Raytheon misreported its costs regarding Raytheon's Missiles & Defense business since 2009, that as a result of the foregoing, Raytheon was at risk of increased scrutiny from the government, that as a result of the foregoing, Raytheon would face a criminal investigation by the U.S. Department of Justice ("DOJ"), and that as a result, defendants' public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
Those who purchased shares of Raytheon Technologies Corporation (NYSE: RTX, NYSE: RTN) have certain options and should contact the Shareholders Foundation.
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