CAE Inc. Investors Notified of Lawsuit
Allegations of False Statements and Misrepresentation
Levi Korsinsky LLP Informs Investors of Securities Class Action Lawsuit
NEW YORK, Sept. 9, 2024 (Newswire) - Levi Korsinsky LLP announces that a class action lawsuit has been filed on behalf of investors who purchased CAE Inc. ("CAE") (NYSE: CAE) securities between August 16, 2022 and July 29, 2024.
The lawsuit alleges that during the class period defendants made false and/or misleading statements and/or failed to disclose to investors that:
- CAE artificially inflated its quarterly financial results by improperly recognizing revenue from undelivered aircraft.
- CAE lacked the financial resources to meet its growth projections.
- As a result, defendants' positive statements about CAE's business and prospects were materially false and misleading.
As a result of defendants' alleged misrepresentations, the value of CAE's securities declined materially, causing investors significant losses.
Investors who purchased CAE securities between August 16, 2022 and July 29, 2024 are encouraged to contact Levi Korsinsky LLP for more information about the lawsuit.
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