Breaking News: Johnson Fistel, LLP Investigates CAE Inc.
SAN DIEGO, May 22, 2024 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of securities laws by CAE Inc. (NYSE: CAE). We are looking into whether the Company or its executives failed to disclose vital information to investors, leading to losses on their investments. If you have purchased CAE securities and have experienced losses, we encourage you to join our investigation to potentially make claims and recover under federal securities laws. https://www.cognitoforms.com/JohnsonFistel/CAEInc
What if I purchased CAE securities? If you believe that you may have a potential claim against CAE and would like to participate in the investigation or learn more about your legal rights and options, please contact Johnson Fistel, LLP at (619) 814-4471 or click here to join the investigation online. There is no cost or obligation to you.
Click Here to Join the Investigation
What is Johnson Fistel investigating? On May 21, 2024, CAE announced its preliminary unaudited financial results for the fourth quarter and the entirety of fiscal year 2024, concurrently providing an initial outlook for fiscal year 2025. Additionally, CAE disclosed its intention to record significant financial adjustments, including a $568.0 million goodwill impairment, $90.3 million in unfavorable contract adjustments, and a $35.7 million impairment of related intangible assets.
What if I have relevant nonpublic information? Individuals with nonpublic information about the Company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program. Under the SEC program, whistleblowers who provide original information may, under certain circumstances, receive rewards totaling up to thirty percent of any successful recovery made by the SEC. For more information, contact Jim Baker at (619) 814-4471 or jimb@johnsonfistel.com.
About Johnson Fistel, LLP | Top Law Firm, Securities Fraud, Investors Rights:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. We also extend our services to foreign investors who have purchased on US exchanges. Stay updated with news on stock drops and learn how Johnson Fistel, LLP can help you recover your losses. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com.
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Contact:
Johnson Fistel, LLP
501 W. Broadway, Suite 800, San Diego, CA 92101
James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471
jimb@johnsonfistel.com or fjohnson@johnsonfistel.com
