LOS
ANGELES, Sept. 5, 2024 /PRNewswire/ -- The DJS Law
Group reminds investors of a class action lawsuit against CAE, Inc.
("MongoDB" or "the Company") (NYSE: CAE) for violations of §§10(b)
and 20(a) of the Securities Exchange Act of 1934 and Rule
10b-5 promulgated thereunder by the
U.S. Securities and Exchange Commission.
Shareholders who purchased shares of CAE during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointments. Appointment as lead plaintiff is not
required to partake in any recovery.
CASE DETAILS: The Complaint alleges that CAE
made false and misleading statements to the market concerning how
it suffered from significant cost overruns in its Defense and
Security ("Defense") segment. These cost overruns were
allegedly due to fixed-price long-term contracts. The
Company's pre-COVID fixed-price contracts caused it to take over
$720 million in profit adjustments
and charges to "re-baseline" its entire Defense business.
If you are a shareholder who suffered a loss, contact us to
participate.
WHY DJS LAW GROUP? DJS Law Group's primary focus is to
enhance investor return through balanced counseling and aggressive
advocacy. We specialize in securities class actions, corporate
governance litigation, and domestic/international M&A
appraisals. Our clients are some of the largest and most
sophisticated hedge funds and alternative asset managers in the
world. The litigation claims of our clients are extraordinarily
valuable assets that demand respect, focus, and results.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
CONTACT:
David J.
Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: David@djslawllp.com
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SOURCE DJS Law Group LLP