NEW
YORK, Sept. 5, 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=100112&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=100112&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
