SAN DIEGO, July 17, 2024 (GLOBE NEWSWIRE) -- Robbins LLP informs investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired CAE Inc. (NYSE: CAE) securities between February 11, 2022 and May 21, 2024. CAE is a technology company that offers softwarebased simulation training and critical operations support solutions. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbi ...

NEW YORK, July 17, 2024 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all persons and entities who purchased securities of CAE Inc. ("CAE" or the "Company") (NYSE: CAE) between February 11, 2022 and May 21, 2024, inclusive (the "Class Period"). The Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (1) se ...

If you suffered substantial losses and wish to serve as lead plaintiff of the CAE class action lawsuit, please provide your information here: The CAE class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) several of CAE's pre-COVID fixed-price Defense contracts had incurred severe cost overruns due to supply chain and labor issues – as the segment was significantly impacted by the pandemic – which dented the segmen ...

Core Viewpoint - A class action lawsuit has been filed against CAE Inc. for alleged violations of federal securities laws, claiming that the company and its executives made materially false and misleading statements regarding significant cost overruns in its Defense segment during the Class Period from February 11, 2022, to May 21, 2024 [1][3]. Group 1: Allegations and Financial Impact - The lawsuit alleges that CAE's Defense segment faced substantial cost overruns due to fixed-price contracts established before the COVID-19 pandemic, leading to over $720 million in charges and profit adjustments [3]. - CAE's stock price experienced significant declines following announcements related to unfavorable contract profit adjustments and the need to retire legacy contracts affected by inflationary pressures, with a drop of nearly 10% on February 14, 2024, and a decline of over 5% on May 22, 2024 [4][9]. - Specific financial impacts included a $568 million non-cash impairment of Defense goodwill and $90.3 million in unfavorable contract profit adjustments announced on May 21, 2024 [9]. Group 2: Historical Context and Previous Announcements - On August 10, 2022, CAE reported $28.9 million in unfavorable contract profit adjustments, resulting in a stock price drop of more than 16% [7]. - In November 2023, CAE acknowledged ongoing issues with legacy contracts, which led to a nearly 4% decline in stock price [8]. - The company had previously assured investors of a positive outlook for its Defense segment despite acknowledging volatility and economic headwinds [4].

NEW YORK, July 13, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into CAE, Inc. (NYSE:CAE) for potential violations of the federal securities laws. On May 21, 2024, CAE announced preliminary earnings for Q4 2024 and that it initiated a "re-baselining" of its defense business because of eight underperforming legacy, fixed-price contracts. CAE further reported that it recorded a $568.0 million non-cash impairment of defense goodwill, $90.3 million i ...

On May 21, 2024, CAE announced preliminary earnings for Q4 2024 and that it initiated a "re-baselining" of its defense business because of eight underperforming legacy, fixed-price contracts. CAE further reported that it recorded a $568.0 million non-cash impairment of defense goodwill, $90.3 million in unfavorable defense contract profit adjustments, and a $35.7 million impairment of related technology and other non-financial assets that are principally related to the legacy contracts. If you invested in C ...

NEW YORK, July 08, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into CAE, Inc. (NYSE: CAE) for potential violations of the federal securities laws. On May 21, 2024, CAE announced preliminary earnings for Q4 2024 and that it initiated a "re-baselining" of its defense business because of eight underperforming legacy, fixed-price contracts. CAE further reported that it recorded a $568.0 million non-cash impairment of defense goodwill, $90.3 million ...

NEW YORK, July 08, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into CAE, Inc. (NYSE: CAE) for potential violations of the federal securities laws. On May 21, 2024, CAE announced preliminary earnings for Q4 2024 and that it initiated a "re-baselining" of its defense business because of eight underperforming legacy, fixed-price contracts. CAE further reported that it recorded a $568.0 million non-cash impairment of defense goodwill, $90.3 million ...

If you invested in CAE, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases/cae-inc-investigation. On May 21, 2024, CAE announced preliminary earnings for Q4 2024 and that it initiated a "re-baselining" of its defense business because of eight underperforming legacy, fixed-price contracts. CAE further reported that it recorded a $568.0 million non-cash impairment of defense goodwill, $90.3 million in unfavorable defense contract profit adjustments, and a $35.7 millio ...

NEW YORK, July 01, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into CAE, Inc. (NYSE: CAE) for potential violations of the federal securities laws. Why Did CAE's Stock Drop? Click here for more information: https://www.bfalaw.com/cases/cae-inc-investigation. If you invested in CAE, Inc. you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis, there is no cost to you. S ...