CAE - CAE ANNOUCEMENT: If You Lost Money on Your Investment When CAE Inc. (NYSE: CAE) Incurred Impairment Charges You are Encouraged to Contact BFA Law About Your Rights | Benzinga

NEW YORK, June 13, 2024 (GLOBE NEWSWIRE) -- Top securities law firm Bleichmar Fonti & Auld LLP announces an investigation into CAE, Inc. (NYSE:CAE) for potential violations of the federal securities laws. If you invested in CAE, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases/cae-inc-investigation.

Why Did CAE's Stock Drop?

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 ...

CAE) Incurred Impairment Charges, You are Encouraged to Contact BFA Law About Your Rights>Full story available on Benzinga.com