NEW YORK, Dec. 3, 2019 /PRNewswire/ -- Bernstein
Liebhard, a nationally acclaimed investor rights law firm,
announces that a securities class action has been filed on behalf
of investors that purchased or acquired the securities of Fiat
Chrysler Automobiles N.V., Inc. ("Fiat" or the "Company") (NYSE:
FCAU) between February 26, 2016 and
November 20, 2019, inclusive (the
"Class Period"). The lawsuit filed in the
United States District Court for the Eastern District of
New York alleges violations of the
Securities Exchange Act of 1934.
If you purchased Fiat securities, and/or would like to
discuss your legal rights and options please visit Fiat FCAU
Shareholder Class Action or contact Matthew
E. Guarnero toll free at (877) 779-1414 or
MGuarnero@bernlieb.com.
According to the lawsuit, defendants throughout the Class Period
made false and/or misleading statements and/or failed to disclose
that: (1) Fiat employed a bribery scheme to obtain favorable terms
in its collective bargaining agreement with International Union,
United Automobile, Aerospace and Agricultural Implement Workers of
America; (2) high-ranking Fiat official were aware of and
authorized the scheme; and (3) due to the foregoing, defendants'
statements about Fiat's receivables, business, operations, and
prospects, were materially false and misleading and/or lacked a
reasonable basis at all relevant times.
On November 20, 2019, General
Motors filed a racketeering lawsuit against Fiat in the Eastern
District of Michigan for damages
caused by a bribery scheme perpetuated by the UAW and Fiat.
On this news, shares of Fiat fell $0.58 per share or nearly 3.72% to close at
$15.00 per share on November 20, 2019.
If you purchased Fiat securities, and/or would like to
discuss your legal rights and options please visit
https://www.bernlieb.com/cases/fiatchryslerautomobilesnv-fcau-shareholder-class-action-lawsuit-stock-fraud-223/apply/
or contact Matthew E. Guarnero toll
free at (877) 779-1414 or MGuarnero@bernlieb.com.
If you wish to serve as lead plaintiff, you must move the Court
no later than January 30, 2020. A
lead plaintiff is a representative party acting on behalf of other
class members in directing the litigation. Your ability to share in
any recovery doesn't require that you serve as lead plaintiff. If
you choose to take no action, you may remain an absent class
member.
Since 1993, Bernstein Liebhard LLP has recovered over
$3.5 billion for its clients. In
addition to representing individual investors, the Firm has been
retained by some of the largest public and private pension funds in
the country to monitor their assets and pursue litigation on their
behalf. As a result of its success litigating hundreds of lawsuits
and class actions, the Firm has been named to The National
Law Journal's "Plaintiffs' Hot List" thirteen times and
listed in The Legal 500 for ten consecutive
years.
ATTORNEY ADVERTISING. © 2019 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New
York 10016, (212) 779-1414. The lawyer responsible for this
advertisement in the State of
Connecticut is Michael S. Bigin. Prior results do not
guarantee or predict a similar outcome with respect to any future
matter.
Contact Information
Matthew E. Guarnero
Bernstein Liebhard LLP
http://www.bernlieb.com
(877) 779-1414
MGuarnero@bernlieb.com
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SOURCE Bernstein Liebhard LLP