CAE - CAE INVESTIGATION NOTICE: BFA Law Alerts CAE Inc. (NYSE:CAE) Investors with Losses that it is Investigating the Company for Securities Fraud Contact Us for Details | Benzinga

NEW YORK, June 29, 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.

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 impairment ...

CAE) Investors with Losses that it is Investigating the Company for Securities Fraud, Contact Us for Details>Full story available on Benzinga.com