BFA Law announces investigation

NEW YORK, June 8, 2024 (GLOBE NEWSWIRE) — Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into CAE, Inc. (NYSE: CAE) for possible violations of the federal securities laws. If you have invested in CAE, you are encouraged to obtain more information by https://www.bfalaw.com/cases/cae-inc-investigation.

Why did CAE’s share price fall?

On May 21, 2024, CAE announced preliminary results for the fourth quarter of 2024 and announced that it had initiated a “realignment” of its defense business due to eight underperforming legacy fixed-price contracts. CAE also reported that it had recorded a non-cash defense goodwill impairment of $568.0 million, unfavorable defense contract profit adjustments of $90.3 million, and an impairment of related technology and other non-financial assets of $35.7 million, primarily related to the legacy contracts.

As a result, CAE’s stock price declined over 13% at the open on May 22, 2024 and closed down over 5%. BFA is investigating whether CAE and certain of its executives made materially false and/or misleading statements to investors in connection with the legacy contracts and/or its defense business.

Click here for more info: https://www.bfalaw.com/cases/cae-inc-investigation.

What can you do?

If you have invested in CAE, Inc., you may have legal options. We encourage you to provide your information to the firm. All representations are made on a contingency basis, with no costs to you. Shareholders are not responsible for court or litigation costs. The firm will seek court approval for any fees and costs.

Send your information to:

https://www.bfalaw.com/cases/cae-inc-investigation

Or contact us:
Ross Shikowitz
[email protected]
212-789-3619

Why Bleichmar Fonti & Auld LLP?

Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in class actions and shareholder derivative litigation. It was named a Top 5 Plaintiffs Firm for 2023 by ISS SCAS and its lawyers have been named Titans of the Plaintiffs’ Bar by Law360 and SuperLawyers by Thompson Reuters. Recent notable successes include BFA recovering over $900 million in value from the board of Tesla, Inc. (subject to court approval), as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/cae-inc-investigation

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