NEW YORK, Aug. 03, 2016 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of Chrysler Automobiles N.V. (NYSE: FCAU ) between October 29, 2014 and July 18, 2016 . You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Eastern District of Michigan. To get more information go to :
http://zlk.9nl.com/fiat-chrysler-automobiles-fcau
or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The complaint alleges that throughout the Class Period, Defendants made false and misleading statements and failed to disclose material adverse facts about the Company’s business and operations. Specifically, Defendants misrepresented the Company’s growth by purposefully inflating FCA’s vehicle sales numbers and falsely touting its streak of U.S. monthly vehicle sales growth (on a year-over-year basis).
On January 12, 2016, a civil lawsuit was filed against the Company, alleging that the Company had inflated the number of year over year sales reported. Then on January 15, 2016, the Company filed a Form 6-K acknowledging that a lawsuit had been filed against FCA US LLC. As a result of these disclosures, Fiat Chrysler stock fell more than 15% between January 12, 2016 and January 20, 2016, representing an approximate $1.67 billion loss to the stock’s market capitalization.
If you suffered a loss in Fiat Chrysler Automobiles N.V. you have until September 27, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com
