NEW YORK, March 03, 2017 -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of General Cable Corporation (“General Cable”) (NYSE:BGC) between February 23, 2012 and February 10, 2016. You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Southern District of New York. To get more information go to:
http://www.zlk.com/pslra/general-cable-corporation
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The complaint alleges that, during the Class Period, General Cable failed to disclose that: (a) the Company had violated the Foreign Corrupt Practices Act by paying millions of dollars in bribes to officials in foreign countries in order to secure business; (b) General Cable’s revenues were in part the product of illegal conduct, and as such, subject to disgorgement and unlikely to be sustainable; and (c) as a result, the Company would be subjected to significant regulatory scrutiny and financial penalties.
On December 29, 2016, General Cable revealed it had agreed to pay $82.3 million to resolve the investigation into inappropriate payments. The Department of Justice stated that “between 2002 and 2013, General Cable subsidiaries paid approximately $13 million to third-party agents and distributors, a portion of which was used to make unlawful payments to obtain business, ultimately netting the Company approximately $51 million in profits.”
If you suffered a loss in General Cable you have until March 6, 2017 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 involving financial fraud, 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


Rising Jet Fuel Costs from Iran Conflict Push Airfare Higher Across Europe
Chinese Robotics Stocks React as Humanoid Robot Marathon Sparks Competition Concerns
Nidec Stock Rises After Accounting Probe Report Eases Delisting Concerns
Want to cut your energy bills? Here’s how five experts are doing it
AEVEX Raises $320 Million in IPO Amid Surging Defense Sector Demand
Apple Wins ITC Ruling, Keeping Blood-Oxygen Feature on Apple Watch
China Food Delivery Stocks Dip as Regulators Crack Down on “Ghost Deliveries”
J.P. Morgan Downgrades Essity AB on Rising Costs and Weak Earnings Outlook
Apple Stock Dips as Tim Cook Steps Down, John Ternus Named Next CEO
Amazon Expands AI Bet with Up to $25 Billion Investment in Anthropic
Polymarket Seeks $400M Funding Round, Targets $15B Valuation Amid Prediction Market Boom
John Ternus Signals Apple’s Future with Product-First AI Strategy
Greg Abel Sells Berkshire Hathaway Stocks Managed by Former Investment Manager Todd Combs
Indonesia and Toyota Explore $300M Bioethanol Investment to Boost Renewable Energy Goals
Jeff Bezos Eyes $10 Billion Funding Round for AI Venture Project Prometheus
SK Hynix Launches 192GB SOCAMM2 Memory for Nvidia’s Next-Gen AI Chips
OpenAI's $20 Billion Cerebras Deal Signals Massive AI Infrastructure Push 



