CAE SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against CAE, Inc. – CAE

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NEW ORLEANS, July 24, 2024 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until September 16, 2024 to file lead plaintiff applications in a securities class action lawsuit against CAE, Inc.(NYSE: CAE), if they purchased the Company’s shares between February 11, 2022 and May 21, 2024, inclusive (the "Class Period”).

On May 21, 2024, the Company disclosed a "re-baselining of its Defense business, Defense impairments, accelerated risk recognition on Legacy Contracts and appointment of Nick Leontidis as COO,” as well as "a $568.0 million non-cash impairment of Defense goodwill,” "$90.3 million in unfavorable Defense contract profit adjustments as a result of accelerated risk recognition on the Legacy Contracts,” and a "$35.7 million impairment of related technology and other non-financial assets which are principally related to the Legacy Contracts.”    On this news, the price of CAE’s shares fell over 5%, from $19.83 per share on May 21, 2024, to $18.80 per share on May 22, 2024.

About the Lawsuit CAE and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

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Author / Journalist: SkyMedia, LLC

Category: Technology

Markets: ChinaUnited States

Topics: Claimsfiler 2024 Action Investors Legacy Securities Free Contracts Information Defense Class

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Published On: 2024-07-25 @ 02:22:00 (22 hours ago)

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