Top-News
CUMMINS INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Cummins Inc. - CMI
NEW ORLEANS, July 26, 2024 /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into Cummins Inc. (NYSE: CMI).
On December 22, 2023, the Company disclosed an agreement in principle reached with the U.S. Environmental Protection Agency and other state and federal regulators "to resolve civil claims regarding the Company's emissions certification and compliance process for certain engines" and expected to record "a charge of approximately $2.04 billion in the fourth quarter of 2023 to resolve these claims and related matters." The same day, the U.S. Department of Justice issued a press release on the matter, also disclosing that the Company "allegedly installed defeat devices on 630,000 model year 2013 to 2019 RAM 2500 and 3500 pickup truck engines," but noted that it "also allegedly installed undisclosed auxiliary emission control devices on 330,000 model year 2019 to 2023 RAM 2500 and 3500 pickup truck engines."
Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit, charging them with failing to disclose material information during the Class Period, violating federal securities laws.
KSF's investigation is focusing on whether Cummins' officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws.
If you have information that would assist KSF in its investigation, or have been a long-term holder of Cummins shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-833-938-0905 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com), or visit us at https://www.ksfcounsel.com/cases/nyse-cmi/ to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana and New Jersey.
To learn more about KSF, you may visit ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163
View original content to download multimedia:https://www.prnewswire.com/news-releases/cummins-investigation-initiated-by-former-louisiana-attorney-general-kahn-swick--foti-llc-investigates-the-officers-and-directors-of-cummins-inc---cmi-302207789.html
SOURCE Kahn Swick & Foti, LLC
Für dich aus unserer Redaktion zusammengestellt
Community-Beiträge zu Cummins Inc
29.05.2022 - 09:27 Uhr
Paretorix Cummins, a century-old maker of dirty diesels,
is leading the charge.https://www.forbes.com/sites/alanohnsman/2022/02/23/how-diesel-giant-cummins-might-beat-tesla-in-the-green-engine-battle/?fbclid=IwAR1Z1t4OpoU6v_wtHwW0nGviFHzdlFV8jnP-5Dqvp8XdAy_-dfNvR-gy2pg&utm_campaign=socialflowForbesMainFB&utm_medium=social&utm_source=ForbesMainFacebook
05.01.2022 - 17:47 Uhr
remai Cummins - 50:50 Joint Venture in China mit Sinopec
Cummins and Sinopec officially launch joint venture to produce green hydrogen technologies in China | Cummins Inc.: https://www.cummins.com/news/releases/2021/12/21/cummins-and-sinopec-officially-launch-joint-venture-produce-green-hydrogen
Jetzt anmelden und diskutieren
Registrieren
Login
Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte.
