Thieler Law Corp advises investors with losses exceeding $100,000 of the March 6, 2017 lead plaintiff deadline in a class action lawsuit filed against General Cable Corporation (NYSE: BGC) (“General Cable” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased General Cable Corporation securities between February 23, 2012 and February 10, 2016, have until March 6, 2017 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased General Cable Corporation securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that General Cable paid millions of dollars in bribes to government officials in foreign countries, including Angola, Bangladesh, China, Egypt, Indonesia, India, and Thailand, in order to secure business; the foregoing conduct was in violation of the Foreign Corrupt Practices Act of 1997; General Cable’s revenues were therefore in part the product of illegal conduct, and, as such, subject to disgorgement and unlikely to be sustainable; the foregoing conduct, when it became known, would subject General Cable to significant regulatory scrutiny and financial penalties; and as a result, General Cable’s statements were materially false and misleading at all relevant times.

On December 29, 2016, General Cable revealed that it would pay $82.3 million to resolve a U.S. government investigation into inappropriate payments to public officials in Egypt, Angola, Bangladesh, China, Indonesia and Thailand. According to the United States Department of Justice, "between 2002 and 2013, General Cable subsidiaries paid approximately $13 million to third-party agents and distributors, a portion of which was used to make unlawful payments to obtain business, ultimately netting the company approximately $51 million in profits."

Following this news, the value of General Cable fell sharply, causing investors harm.

If you were negatively impacted by your investment in General Cable Corporation securities between February 23, 2012 and February 10, 2016 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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