SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against CAE Inc. - CAE

SOURCE Pomerantz LLP The class action concerns whether CAE and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. On November 14, 2023, CAE issued a press release reporting its second quarter fiscal year 2024 results and stated that certain of the Company's legacy contracts continued to be plagued by cost overruns. CAE revealed that, within its Defense and Security ("Defense") segment, the Company planned to "retir[e] legacy contracts, which have ...