LOS ANGELES, April 04, 2017 (GLOBE NEWSWIRE) — Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Caterpillar Inc. (“Caterpillar” or the “Company”) (NYSE:CAT) concerning possible violations of federal securities laws between February 19, 2013 and March 1, 2017 inclusive (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact the firm prior to the May 2, 2017 lead plaintiff motion deadline.To participate in this class action lawsuit, click here. You can also call Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or e-mail him at [email protected].
No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
According to the Complaint, 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. When this information reached the public, shares of Caterpillar declined in value, thus harming investors.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding the rights of shareholders.
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