LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) reminds investors of the May 2, 2017 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Caterpillar, Inc. (“Caterpillar” or the “Company”) (NYSE: CAT) securities between February 19, 2013 and March 1, 2017, inclusive (the “Class Period”). Caterpillar investors have until May 2, 2017 to file a lead plaintiff motion.
On March 2, 2017, the Company disclosed that law enforcement authorities entered three Peoria-area Caterpillar facilities, including the corporate headquarters, to execute a search and seizure warrant. The Company further stated that they believed the warrant was related to “export filings” in connection with “the CSARL matter.”
On this news shares of Caterpillar fell more than 4% on March 2, 2017, thereby injuring investors.
The complaint filed in this class action alleges that, during the Class Period, defendants made false and misleading statements and/or failed to disclose that: (1) Caterpillar unlawfully used foreign subsidiaries to avoid paying billions of dollars in U.S. taxes; (2) discovery of such conduct would subject Caterpillar to heightened regulatory scrutiny and potential criminal sanctions; and (3) as a result, Caterpillar’s public statements were materially false and misleading at all relevant times.
If you purchased or otherwise acquired Caterpillar shares during the Class Period you may move the Court no later than May 2, 2017 to request appointment as lead plaintiff. To be a member of the class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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