May 27 Deadline in Lawsuit for Investors in shares of Precision Castparts Corp. (formerly NYSE:PCP) announced by Shareholders Foundation
SAN DIEGO, April 18, 2016 (GLOBE NEWSWIRE) -- 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
