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IRVINE, Calif., April 25, 2017 -- Khang & Khang LLP (the “Firm”) announces the filing of a class action lawsuit against Caterpillar Inc. (“Caterpillar” or the “Company”) (NYSE:CAT). Investors who purchased or otherwise acquired shares between February 19, 2013 and March 1, 2017, inclusive (the “Class Period”), are encouraged to contact the Firm before the May 2, 2017 lead plaintiff motion deadline.
If you purchased Caterpillar shares during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at [email protected].
There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
The Complaint states during the Class Period, Caterpillar issued materially false and misleading statements and/or failed to disclose: that the Company unlawfully used foreign subsidiaries to avoid paying billions of dollars in U.S. taxes; that discovery of such conduct would subject Caterpillar to heightened regulatory scrutiny and potential criminal sanctions; and that Caterpillar’s public statements were materially false and misleading at all relevant times. On March 2, 2017, law enforcement officials raided the Company’s facilities in Peoria, Illinois. The Company indicated that it believed the raid is related to export filings of its Swiss subsidiary Caterpillar SARL. Upon release of this news, shares of Caterpillar dropped in value materially, which allegedly caused investors harm.
If you wish to learn more about this lawsuit, or if you have any questions regarding this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or via e-mail at [email protected].
This press release may constitute Attorney Advertising in some jurisdictions.
Contact Joon M. Khang, Esq. Telephone: 949-419-3834 Facsimile: 949-225-4474 [email protected]
