Companies

Investor Alert: Legal Reminder for Cummins Inc. Shareholders with Substantial Losses

Published March 3, 2024

In a recent announcement, former Louisiana Attorney General and law firm Kahn Swick & Foti, LLC have brought to notice a class action lawsuit against Cummins Inc. CMI, a leader in the design, manufacture, and distribution of engines and related products. This class action lawsuit primarily addresses shareholders who have experienced significant financial losses exceeding $100,000. As the lead plaintiff deadline approaches, investors are being reminded to stay informed of their legal rights in connection to the lawsuit against the Columbus, Indiana-based company, recognized for its work in engines, power generation products, and related services.

Understanding the Substance of the Lawsuit

The class action against CMI alleges that the company may have issued materially misleading business information to the investing public. Shareholders who have invested heavily in Cummins are now facing the repercussions of any potential misinformation, which is alleged to have led to financial losses. The lawsuit is a stark reminder that transparency and accuracy in public company disclosures are critical for making informed investment decisions.

Lead Plaintiff Deadline Coming Up

Investors should note the approaching lead plaintiff deadline, a crucial date for those who wish to act as a primary plaintiff in the class action against CMI. Kahn Swick & Foti, LLC points out that acting before this deadline is essential for investors desiring to participate in any potential recoveries resulting from the case. However, the law firm also encourages affected shareholders to approach them for any guidance or clarification needed regarding participation in the lawsuit.

About Cummins Inc.

CMI, with its headquarters in Columbus, Indiana, operates on a global scale, providing advanced power solutions and services. The firm’s extensive portfolio includes engines, filtration products, power generation systems, and comprehensive maintenance for a variety of equipment, including trucks and fuel systems. Cummins' commitment to innovation is evident in its products and services, which span various applications in industries vital to economic growth and sustainability.

investor, legal, alert