Glancy Prongay & Murray LLP Files Securities Class Action Lawsuit Against Fiat Chrysler Automobiles N.V.
September 26 2016 - 02:44PM
Business Wire
Glancy Prongay & Murray LLP (“GPM”) announces that it has
filed a class action lawsuit in the United States District Court
for the Eastern District of Michigan on behalf of a class (the
“Class”) consisting of persons and entities that acquired Fiat
Chrysler Automobiles N.V. (“FCA” or the “Company”) (NYSE: FCAU)
securities between October 16, 2013 and July 18, 2016,
inclusive (the “Class Period”).
If you are a member of the Class described above, you may move
the Court no later than September 27, 2016, to serve as lead
plaintiff. Please contact Lesley Portnoy at 888-773-9224 or
310-201-9150, or at shareholders@glancylaw.com to discuss this
matter.
Throughout the Class Period, Defendants made materially false
and/or misleading statements, as well as failed to disclose
material adverse facts about the Company’s business, operations,
and prospects. Specifically, Defendants made false and/or
misleading statements and/or failed to disclose: (1) that the
Company had not achieved the sales growth originally communicated
to investors; (2) that the Company did not in fact achieve a 75
month streak of monthly vehicle sales growth (on a year over year
basis); and (3) that, as a result of the foregoing, Defendants’
statements about FCA’s business, operations, and prospects, were
false and misleading and/or lacked a reasonable basis.
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 Glancy Prongay & Murray LLP, 1925 Century Park
East, Suite 2100, Los Angeles, California 90067, at (310) 201-9150,
by e-mail to shareholders@glancylaw.com, or visit our website
at http://www.glancylaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160926006319/en/
Glancy Prongay & Murray LLP, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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