IRVINE, Calif.--(BUSINESS WIRE)--Khang & Khang LLP (the “Firm”) announces that a class action lawsuit was filed against Fiat Chrysler Automobiles N.V. (“Fiat” or the “Company”) (NYSE: FCAU). Investors who purchased or otherwise acquired shares between October 29, 2014 and July 18, 2016 inclusive (the “Class Period”), are encouraged to contact the Firm prior to the September 27, 2016 lead plaintiff motion deadline.
If you purchased shares of Fiat during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.
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 alleges that Fiat made false and misleading statements and/or failed to disclose material facts about its business and operations. Specifically, the Company misrepresented its growth by purposefully inflating the vehicle sales numbers of its U.S. subsidiary FCA US LLC 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 Fiat, 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. When this information was announced, Fiat shares fell dropped in value sharply, causing investors harm.
If you wish to learn more about this lawsuit, or if you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.
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