May 27 Deadline in Lawsuit for Investors in shares of Precision Castparts Corp. (formerly NYSE:PCP) announced by Shareholders...
April 18 2016 - 10:30AM
The Shareholders Foundation, Inc. announces that a deadline is
coming up on May 27, 2016 in the lawsuit that was filed for
investors who purchased shares of Precision Castparts Corp.
(formerly NYSE:PCP) between May 9, 2013 and January 15, 2015 over
alleged Securities Laws Violations by Precision Castparts Corp.
Investors who purchased shares of Precision Castparts Corp.
(formerly NYSE:PCP) between May 9, 2013 and January 15, 2015 have
certain options and for certain investors are short and strict
deadlines running. Deadline: May 27, 2016. Those Precision
Castparts investors should contact the Shareholders Foundation at
mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff claims that the Defendants made allegedly false
and/or misleading statements and/or failed to disclose that
Precision Castparts Corp was losing significant market share to its
competitors, that this loss of business to competitors was not, as
Precision Castparts Corp represented, a temporary decline in sales
that would reappear in the near future, but was instead a permanent
decline in demand for the Company’s products, and that, as a
result, the Company’s positive statements about its business,
operations, and prospects lacked a reasonable basis.
Shares of Precision Castparts Corp declined from over $270 per
share in 2014 to under $200 per share on January 16, 2016.
Precision Castparts Corp was acquired on February 1, 2016 by
Berkshire Hathaway Inc.
Those who purchased Precision Castparts Corp. (formerly
NYSE:PCP) shares between May 9, 2013 and January 15, 2015 have
certain options and should contact the Shareholders Foundation,
Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858)
779-1554.
The Shareholders Foundation, Inc. is a professional portfolio
legal monitoring and a settlement claim filing service, which does
research related to shareholder issues and informs investors of
securities class actions, settlements, judgments, and other legal
related news to the stock/financial market. The Shareholders
Foundation, Inc. is not a law firm. The information is provided as
a public service. It is not intended as legal advice and should not
be relied upon.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108