BENSALEM, Pa--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the July 11, 2017 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased United Technologies Corporation (“United Technologies” or the “Company”) (NYSE: UTX) securities between April 21, 2015 and July 20, 2015, inclusive (the “Class Period”). United Technologies investors have until July 11, 2017 to file a lead plaintiff motion in this class action.
On July 21, 2015, United Technologies slashed its 2015 earnings forecast, citing weak performances by the Company's UTC Aerospace Systems (“UTAS”) and Otis Elevator Co. (“Otis”) units. United Technologies informed investors that its expectations related to UTAS and Otis were “way too aggressive” and that the Company failed to “dig deep enough” when formalizing the guidance.
On this news, United Technologies’ share price fell more than 7% on July 21, 2015, thereby injuring investors.
According to the complaint filed in this class action 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 UTAS and Otis units that were not fully scrutinized and that were far too aggressive.
If you purchased shares of United Technologies during the Class Period you may move the Court no later than July 11, 2017, to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action 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 action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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