GPM Reminds Investors of the September 27th Deadline in the Class Action Lawsuit Against Fiat Chrysler Automobiles N.V. and Encourages Investors to Contact the Firm
Glancy Prongay & Murray LLP ("GPM") reminds investors of the September 19, 2016 deadline to file a lead plaintiff motion in the class action lawsuit filed on behalf of investors who purchased or otherwise acquired Fiat Chrysler Automobiles N.V. ("FCA" or the "Company") (NYSE: FCAU) securities between October 29, 2014 through July 18, 2016, inclusive (the "Class Period"). FCA investors have until September 27, 2016 to file a lead plaintiff motion.
The complaint alleges that throughout the Class Period the defendants made false and misleading statements and failed to disclose material adverse facts about FCA's business and operations to its investors. Specifically, the defendants misrepresented the FCA's development by persistently inflating the numbers of FCA's vehicle sales and deceitfully hyping FCA's streak of U.S. monthly vehicle sales growth.
On July 18, 2016, several media outlets reported that both the Department of Justice and the Securities and Exchange Commission were investigating FCA's sales practices. And, shortly thereafter on July 26, 2016, FCA announced that it had adjusted the way it discloses monthly U.S. vehicle sales, professing that the Company's "75-month streak of U.S. monthly vehicle sales growth" was false and actually ended at 40 months in September 2013.
If you purchased or otherwise acquired FCA shares during the Class Period, you may move the Court no later than September 27, 2016 to request appointment as lead plaintiff. To be a member of the class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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