Glancy Prongay & Murray Announces the Filing of a Securities Class Action on Behalf of Fiat Chrysler Automobiles N.V. Investors and Encourages Investors to Contact the Firm
Glancy Prongay & Murray LLP ("GPM") announces that a class action lawsuit has been filed on behalf of investors who purchased 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.
Investors suffering losses on their FCA investments are encouraged to contact Lesley Portnoy of GPM to discuss their legal rights in this class action at 310-201-9150 or by email to firstname.lastname@example.org.
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 shares of FCA during the Class Period you may move the Court no later than September 27, 2016 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. 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 email@example.com, or visit our website at http://glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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