LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC (the “Firm”) announces that a class action lawsuit has been filed against Fiat Chrysler Automobiles N.V. (“Fiat” or the “Company”) (NYSE: FCAU). Investors who purchased or otherwise acquired shares between October 29, 2014 and July 18, 2016 inclusive (the “Class Period”) are encouraged to contact the Firm in advance of the September 27, 2016 lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, click here to participate. In addition, we advise you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at info@goldberglawpc.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The complaint alleges that throughout the Class Period, Fiat made false and misleading statements and/or failed to disclose material facts about its business and operations. Specifically, the Company misrepresented its growth by purposefully inflating the vehicle sales numbers of its U.S. subsidiary FCA US LLC and falsely touting its streak of U.S. monthly vehicle sales growth (on a year-over-year basis). On January 12, 2016, a civil lawsuit was filed against Fiat, alleging that the Company had inflated the number of year-over-year sales reported. Then on January 15, 2016, the Company filed a Form 6-K acknowledging that a lawsuit had been filed against FCA US LLC. When this information was disclosed, Fiat shares fell in value significantly, causing investors harm.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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