NEW YORK, May 18, 2016 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of Precision Castparts Corp. securities (Formerly traded NYSE: PCP, acquired 2/1/2016) from May 9, 2013 through January 15, 2015, both dates inclusive (the “Class Period”) of the important May 27, 2016 lead plaintiff deadline in the class action. The lawsuit seeks to recover damages for Precision Castparts investors under the federal securities laws.
To join the Precision Castparts class action, go to the firm’s website at http://www.rosenlegal.com/cases-870.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for more information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, throughout the Class Period defendants issued false and misleading statements to investors and/or failed to disclose that: (1) Precision Castparts was losing significant market share to its competitors; (2) this loss of business to competitors was not a temporary decline in sales that would reappear in the near future as Precision Castparts represented, but was instead a permanent decline in demand for its products; and (3) as a result, defendants’ statements about Precision Castparts’ business, operations and prospects were false and misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 27, 2016. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to the firm’s website http://www.rosenlegal.com/cases-870.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Attorney Advertising. Prior results do not guarantee a similar outcome.