Cases
Fiat Chrysler Automobiles N.V. (NYSE: FCAU)
Securities Class Action
Overview
Overview
- Date:
- 1/23/2017
- Company Name:
- Fiat Chrysler Automobiles N.V.
- Stock Symbol:
- FCAU
- Class Period:
- FROM 10/13/2014 TO 1/11/2017
- Status:
- Closed/Complete
- Court:
- U.S. District Court: Southern District of New York
NEW YORK, January 23, 2017 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities who acquired Fiat Chrysler Automobiles N.V. (NYSE: FCAU) securities between October 13, 2014 and January 11, 2017 (the “Class Period”).
The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (i) the Company’s slow completion rates for recalls, slow or inadequate notifications to regulators and consumers, and faulty approaches to addressing safety issues and improper actions by dealers were not in compliance with federal laws and regulations; (ii) the Company was illegally using hidden software to allow excess diesel emissions to go undetected; and (iii) as a result, the Company’s statements about its business, operations, and prospects were false and misleading and/or lacked a reasonable basis.
Specifically, on January 12, 2017, the U.S. Environmental Protection Agency (“EPA”) announced that Fiat Chrysler was illegally using hidden software to allow excess diesel emissions to go undetected. The EPA and the California Air Resources Board stated that they believe the Company’s undeclared auxiliary emissions control software allowed vehicles to generate excess pollution in violation of the law and that each agency issued notices of violation.
If you acquired Fiat securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (i) the Company’s slow completion rates for recalls, slow or inadequate notifications to regulators and consumers, and faulty approaches to addressing safety issues and improper actions by dealers were not in compliance with federal laws and regulations; (ii) the Company was illegally using hidden software to allow excess diesel emissions to go undetected; and (iii) as a result, the Company’s statements about its business, operations, and prospects were false and misleading and/or lacked a reasonable basis.
Specifically, on January 12, 2017, the U.S. Environmental Protection Agency (“EPA”) announced that Fiat Chrysler was illegally using hidden software to allow excess diesel emissions to go undetected. The EPA and the California Air Resources Board stated that they believe the Company’s undeclared auxiliary emissions control software allowed vehicles to generate excess pollution in violation of the law and that each agency issued notices of violation.
If you acquired Fiat securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.