LOS ANGELES, CA / ACCESSWIRE / November 28, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Fiat Chrysler Automobiles N.V. ("Fiat Chrysler" or "the Company") (NYSE:FCAU) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. General Motors Company ("GM") filed a federal racketeering lawsuit against Fiat Chrysler and its former executives on November 20, 2019, alleging that the Company bribed UAW officials to gain favorable terms in labor negotiations. GM Alleges that the Company "corrupted" negotiations and collective bargaining agreements between GM and the UAW in 2009, 2011, and 2015. GM alleges that to accomplish this goal, Fiat Chrysler paid millions in bribes authorized by the highest levels of Fiat Chrysler management. Based on this news, shares of Fiat Chrysler fell by 3.72% on the same day.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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SOURCE: The Schall Law Firm
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