Levi & Korsinsky Alerts CAE Inc. Shareholders of Important Lawsuit Details
Levi & Korsinsky Informs CAE Inc. Shareholders of Class Action Lawsuit
NEW YORK — Levi & Korsinsky, LLP has reached out to investors of CAE Inc. (NYSE: CAE) regarding a class action lawsuit involving alleged securities fraud that impacts shareholders.
Understanding the Class Definition
CLASS DEFINITION: This lawsuit aims to recover losses for CAE investors who faced negative impacts from alleged securities fraud occurring between February 11, 2022, and May 21, 2024. A dedicated link is provided for those interested in learning more and connecting with our team:
More Information on the CAE Inc. Lawsuit
Case Details and Allegations
CASE DETAILS: The complaint highlights that the defendants allegedly made false statements and concealed critical information regarding CAE's operational challenges. Specifically, it points out that several pre-COVID fixed-price defense contracts had run into considerable cost overruns due to issues in the supply chain and labor sector, which significantly deteriorated profits and operating margins.
Upcoming Deadlines
WHAT'S NEXT? Investors who have suffered losses related to CAE should note that they have until September 16, 2024 to request appointment as lead plaintiff in this case. It is important to understand that serving as a lead plaintiff is not necessary to share in any potential recovery.
No Financial Obligation to Participate
NO COST TO YOU: As a member of the class, investors might qualify for compensation at no cost to them. Participation does not incur any fees or obligations, making it accessible for investors affected by this situation.
About Levi & Korsinsky
WHY CHOOSE LEVI & KORSINSKY: With over 20 years of experience, Levi & Korsinsky has successfully secured hundreds of millions of dollars for their clients while establishing a proven track record in high-stakes litigation. The firm boasts a significant staff of over 70 professionals dedicated to supporting investors in navigating complex securities litigations. Notably, for seven consecutive years, the firm has placed in the Top 50 Report by ISS Securities Class Action Services, further affirming its reliability and expertise.
Contact Information
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP
Frequently Asked Questions
What is the class action lawsuit regarding CAE Inc.?
The lawsuit pertains to alleged securities fraud impacting shareholders, aiming to recover losses incurred between February 11, 2022, and May 21, 2024.
What should I know about lead plaintiff status?
Shareholders have until September 16, 2024, to request this status, but participating as a lead plaintiff is not necessary to recover losses.
Are there any costs to participate in the lawsuit?
No, there are no out-of-pocket fees or costs for shareholders wanting to participate in the class action.
Who represents the CAE Inc. shareholders?
The case is being handled by Levi & Korsinsky, LLP, a firm known for its success in securities litigation over the past two decades.
How can I contact Levi & Korsinsky regarding this lawsuit?
Shareholders can reach out via email or telephone as listed in the contact information provided, ensuring they get the support needed.
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