LOS ANGELES, CA / ACCESSWIRE / April 14, 2017 / Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against Caterpillar Inc. ("Caterpillar" or the "Company") (CAT) concerning possible violations of federal securities laws between February 19, 2013 and March 1, 2017, inclusive (the "Class Period"). Investors, who purchased or otherwise acquired shares during the Class Period, should contact the firm prior to the May 2, 2017 lead plaintiff motion deadline.
No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
The Complaint alleges that during the Class Period, Caterpillar issued materially false and misleading statements and/or failed to disclose: that the Company unlawfully used foreign subsidiaries to avoid paying billions of dollars in U.S. taxes; that discovery of such conduct would subject Caterpillar to heightened regulatory scrutiny and potential criminal sanctions; and that Caterpillar's public statements were materially false and misleading at all relevant times. On March 2, 2017, law enforcement officials raided the Company's facilities in Peoria, Illinois. The Company indicated that it believed the raid is related to export filings of its Swiss subsidiary, Caterpillar SARL. When this news reached the public, the stock price of Caterpillar declined, thus harming investors.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.
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SOURCE: Lundin Law PC