NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of United Technologies Corporation securities (NYSE:UTX) from April 21, 2015 through July 20, 2015, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for United Technologies investors under the federal securities laws.
To join the United Technologies class action, go to http://www.rosenlegal.com/cases-1129.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email firstname.lastname@example.org or email@example.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that United Technologies’ earnings forecast relied on planning assumptions for its UTC Aerospace Systems (“UTAS”) and Otis Elevator Co. (“Otis”) units that were not fully scrutinized and were far too aggressive. On July 21, 2015, United Technologies cut its 2015 earnings guidance due to weak performance by the UTAS and Otis units. On this news, shares of United Technologies fell $7.77 per share or over 7% to close at $102.71 per share on July 21, 2015, damaging investors.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 11, 2017. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-1129.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Since 2014, Rosen Law Firm has been ranked # 2 in the nation by Institutional Shareholder Services for the number of securities class action settlements annually obtained for investors.