NEW YORK, NY / ACCESSWIRE / April 27, 2017 / The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of Caterpillar, Inc. ("Caterpillar") (CAT) between February 19, 2013 and March 1, 2017. You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the Northern District of Illinois. To get more information, go to: http://www.zlk.com/pslra-sa/caterpillar?wire=1, or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The complaint alleges that throughout the class period, Defendants issued materially false and/or 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.
On March 2, 2017, law enforcement officials raided Caterpillar's facilities in Peoria, Illinois. Caterpillar indicated that it believed the raid is related to, among other things, export filings of its Swiss subsidiary, Caterpillar SARL. On this news, shares of Caterpillar fell 4.28% to close at $94.36 per share on March 2, 2017, damaging investors.
If you suffered a loss in Caterpillar, you have until May 2, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
SOURCE: Levi & Korsinsky, LLP