CAE - Shareholder Alert: Robbins LLP Informs Stockholders of the Class Action Filed Against CAE Inc. (CAE) | Benzinga

SAN DIEGO, July 17, 2024 (GLOBE NEWSWIRE) -- Robbins LLP informs investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired CAE Inc. (NYSE:CAE) securities between February 11, 2022 and May 21, 2024. CAE is a technology company that offers software-based simulation training and critical operations support solutions.

For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.

The Allegations: Robbins LLP is Investigating Allegations that CAE Inc. (CAE) Misled Investors Regarding its Business Prospects

The complaint alleges that during the class period defendants made misrepresentations concerning significant cost overruns in CAE's Defense segment caused by several fixed-price, long-term Defense contracts entered into prior to the COVID-19 pandemic. Specifically, defendant Branco stated the Company had reduced its "hard costs," drove "added staffing efficiencies," and that CAE was "focus[ed] on internally making us stronger and contributing to margin expansion." The Company also stated that "[n]otwithstanding the ongoing challenges posed by the pandemic, CAE is already delivering stronger financial performance . ...

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