NEW
YORK, Aug. 22, 2024 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders of CAE Inc.
(NYSE: CAE).
Shareholders who purchased shares of CAE during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/cae-inc-loss-submission-form/?id=97065&from=4
CLASS PERIOD: February 11,
2022 to May 21, 2024
ALLEGATIONS: The complaint alleges that during the
class period, Defendants issued materially false and/or misleading
statements and/or failed to disclose that: (i) several of CAE's
pre-COVID fixed-price defense contracts had incurred severe cost
overruns due to supply chain and labor issues – as the segment was
significantly impacted by the pandemic – which dented the segment's
profit and operating margin; and (ii) CAE failed to successfully
reduce hard costs and achieve a sufficient level of operational
efficiency, particularly with respect to such contracts,
necessitating a re-baselining of the defense business and
significant associated charges.
DEADLINE: September 16,
2024 Shareholders should not delay in registering for
this class action. Register your information here:
https://securitiesclasslaw.com/securities/cae-inc-loss-submission-form/?id=97065&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of CAE during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is September 16, 2024. There is no cost or
obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross
Law Firm is committed to ensuring that companies adhere to
responsible business practices and engage in good corporate
citizenship. The firm seeks recovery on behalf of investors who
incurred losses when false and/or misleading statements or the
omission of material information by a company lead to artificial
inflation of the company's stock. Attorney advertising. Prior
results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm
