Deadline Approaching for CAE Inc. (NYSE:CAE) Shareholders to Take Legal Action

Investors in CAE Inc. (NYSE:CAE) are facing a looming deadline in a lawsuit that was filed for certain investors who purchased shares of the company. The Shareholders Foundation, Inc. has announced that the deadline for investors who purchased shares in excess of $100,000 between February 11, 2022, and May 21, 2024, is September 16, 2024.

The lawsuit alleges that CAE Inc. made materially false and misleading statements regarding significant cost overruns in its Defense and Security segment caused by fixed-price, long-term contracts entered into before the COVID-19 pandemic. The plaintiff claims that the company needed to take over $720 million in charges and profit adjustments due to these cost overruns, and that the defendants continued to make false representations about the strength of the Defense segment.

Investors who purchased shares of CAE Inc. (NYSE:CAE) are urged to contact the Shareholders Foundation, Inc. before the September 16 deadline. The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and settlement claim filing service that provides information related to shareholder issues and securities class actions.

For more information, investors can contact the Shareholders Foundation, Inc. at mail@shareholdersfoundation.com or call +1(858) 779 – 1554. Stay tuned for updates on this developing story.