IMPORTANT SHAREHOLDER ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Fiat Chrysler Automobiles N.V. and Encourages Investors with Losses to Contact the Firm
Lundin Law PC (the "Firm") announces a class action lawsuit has been filed against Fiat Chrysler Automobiles N.V. ("Fiat" or the "Company") (NYSE: FCAU) concerning possible violations of federal securities laws between October 29, 2014 and July 18, 2016 (the "Class Period"). Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm in advance of the September 27, 2016 lead plaintiff motion deadline.
No class has been certified in the above action. 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 throughout the Class Period, Fiat made false and misleading statements and/or failed to disclose material facts about its business and operations. Specifically, the Company misrepresented its growth by purposefully inflating the vehicle sales numbers of its U.S. subsidiary FCA US LLC and falsely touting its streak of U.S. monthly vehicle sales growth (on a year-over-year basis). On January 12, 2016, a civil lawsuit was filed against Fiat, alleging that the Company had inflated the number of year-over-year sales reported. Then on January 15, 2016, the Company filed a Form 6-K acknowledging that a lawsuit had been filed against FCA US LLC. When this information was disclosed, Fiat shares fell in value significantly, causing investors harm.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.
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