San Diego, CA -- (SBWire) -- 11/11/2020 --An investor, who purchased shares of Raytheon Technologies Corporation (NYSE: RTX, NYSE: RTN), filed a lawsuit over alleged violations of Federal Securities Laws by Raytheon Technologies Corporation, f/k/a Raytheon Company.
Investors who purchased shares of Raytheon Technologies Corporation (NYSE: RTX, NYSE: RTN), you have certain options and for certain investors are short and strict deadlines running. Deadline: December 29, 2020. NYSE: RTX, NYSE: RTN investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On October 27, 2020, Raytheon Technologies Corporation announced that "[o]n October 8, 2020, the Company received a criminal subpoena from the DOJ [U.S. Department of Justice] seeking information and documents in connection with an investigation relating to financial accounting, internal controls over financial reporting, and cost reporting regarding Raytheon Company's Missiles & Defense business since 2009[,]" in the Company's quarterly report on Form 10-Q filed with the SEC.
Raytheon Technologies Corporation (NYSE: RTX, NYSE: RTN ) declined from $63.79 per share on October 23, 2020 to as low as $51.92 per share on October 29, 2020.
The plaintiff claims that between February 10, 2016 and October 27, 2020, the defendants made false and/or misleading statements and/or failed to disclose that Raytheon Technologies had inadequate disclosure controls and procedures and internal control over financial reporting, that Raytheon Technologies had faulty financial accounting, that as a result, Raytheon misreported its costs regarding Raytheon's Missiles & Defense business since 2009, that as a result of the foregoing, Raytheon was at risk of increased scrutiny from the government, that as a result of the foregoing, Raytheon would face a criminal investigation by the U.S. Department of Justice ("DOJ"), and that as a result, defendants' public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
Those who purchased shares of Raytheon Technologies Corporation (NYSE: RTX, NYSE: RTN) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
NYSE:RTX, NYSE:RTN Investor Notice: Lawsuit Alleges Securities Laws Violations by Raytheon Technologies Corporation
A lawsuit was filed on behalf of investors in Raytheon Technologies Corporation (NYSE:RTX, NYSE:RTN) shares over alleged securities laws violations.