The Law Offices of Frank R. Cruz Announces Investigation of CAE Inc. (CAE) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of CAE Inc. (“CAE” or the “Company”) (NYSE: CAE) on behalf of investors concerning the Company’s possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click here to participate.

On May 21, 2024, CAE announced preliminary earnings for the fourth quarter 2024 and disclosed that it had initiated a “re-baselining” of its defense business due to underperforming fixed-price contracts. Further, the Company reported a $568.0 million non-cash impairment of defense goodwill, $90.3 million in unfavorable defense contract profit adjustments, and a $35.7 million impairment of related technology and other non-financial assets related to legacy contracts.

On this news, CAE’s stock price fell $1.03, or 5.2%, to close at $18.80 per share on May 22, 2024, thereby injuring investors.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you purchased CAE securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to [e-mail], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.