NEW
YORK, Aug. 29, 2024 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders of CAE
Inc. (NYSE: CAE).
Shareholders who purchased shares of CAE during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/cae-inc-loss-submission-form/?id=98711&from=4
CLASS PERIOD: February 11,
2022 to May 21, 2024
ALLEGATIONS: The complaint alleges that during the class period, Defendants
issued materially false and/or misleading statements and/or failed
to disclose that: (i) several of CAE's pre-COVID fixed-price
defense contracts had incurred severe cost overruns due to supply
chain and labor issues – as the segment was significantly impacted
by the pandemic – which dented the segment's profit and operating
margin; and (ii) CAE failed to successfully reduce hard costs and
achieve a sufficient level of operational efficiency, particularly
with respect to such contracts, necessitating a re-baselining of
the defense business and significant associated charges.
DEADLINE: September 16,
2024 Shareholders should not delay in registering for
this class action. Register your information here:
https://securitiesclasslaw.com/securities/cae-inc-loss-submission-form/?id=98711&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of CAE during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is September 16, 2024. There is no cost or
obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal
business practices. The Gross Law Firm is committed to ensuring
that companies adhere to responsible business practices and engage
in good corporate citizenship. The firm seeks recovery on behalf of
investors who incurred losses when false and/or misleading
statements or the omission of material information by a company
lead to artificial inflation of the company's stock. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE Gross Law Firm