Glancy Prongay & Murray LLP Announces Investigation on Behalf of Fiat Chrysler Automobiles N.V. Investors
LOS ANGELES--(BUSINESS WIRE)--Nov 21, 2019--
Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Fiat Chrysler Automobiles N.V. (“Fiat” or the “Company”) (NYSE: FCAU ) investors concerning the Company and its officers’ possible violations of federal securities laws.
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On November 20, 2019, General Motors Company (“GM”) filed a federal racketeering lawsuit against Fiat and its former executives, accusing Fiat of bribing United Auto Workers (“UAW”) officials to receive more favorable terms in labor negotiations. The lawsuit alleged that the scheme was authorized at the highest levels of Fiat Chrysler, including the Company’s late Chief Executive Officer Sergio Marchionne.
On this news, Fiat’s stock price fell $0.58 per share, or nearly 4%, to close at $15.00 per share on November 20, 2019.
If you purchased Fiat securities, have information, or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067 at 310-201-9150, Toll-Free at 888-773-9224, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number, and the number of shares purchased.
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View source version on businesswire.com:https://www.businesswire.com/news/home/20191121006047/en/
CONTACT: Glancy Prongay and Murray LLP, Los Angeles
Lesley Portnoy, 310-201-9150 or 888-773-9224
KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES
SOURCE: Glancy Prongay & Murray LLP
Copyright Business Wire 2019.
PUB: 11/21/2019 08:00 PM/DISC: 11/21/2019 08:01 PM