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NEW YORK, Aug. 26, 2016 -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Eastern District of Michigan on behalf of investors who purchased Fiat Chrysler Automobiles N.V. (NYSE:FCAU) securities between October 29, 2014 and July 18, 2016.
Click here to learn about the case: http://www.wongesq.com/pslra/fiat-chrysler-automobiles-n-v. There is no cost or obligation to you.
According to the complaint, 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 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. To obtain additional information, contact Vincent Wong, Esq. either via email [email protected], by telephone at 212.425.1140, or visit http://www.wongesq.com/pslra/fiat-chrysler-automobiles-n-v.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Vincent Wong, Esq. 39 East Broadway Suite 304 New York, NY 10002 Tel. 212.425.1140 Fax. 866.699.3880 E-Mail: [email protected]
