Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Fiat Chrysler Automobiles NV (NYSE: FCAU) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Fiat Chrysler Automobiles NV (NYSE: FCAU)concerning whether a series of statements by Fiat Chrysler Automobiles NV regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On June 28, 2015, Fiat Chrysler issued a recall of approximately 7,700 Jeep Grand Cherokee and Dodge Durango SUVs for potential braking as well as other problems, instructing the owners of the 65 vehicles known to have already been sold to immediately stop driving them.
After the release of this news, NYSE: FCAU shares declined to $14.86, or 4.68%, on intraday trading on June 29, 2015.
On Sunday, July 26, 2015, the National Highway Traffic Safety Administration (NHTSA) announced it would be imposing a record $105 million fine for recalls affecting more than 11 million vehicles. The NHTSA penalties are connected to legal violations, including misleading regulators, inadequate repairs, and failing to alert car owners in a timely manner.
After the release of this news, NYSE: FCAU declined as much as 0.89, or 5.87%, on intraday trading on July 27, 2015.
Based in London, England and founded in 1899, Fiat Chrysler Automobiles NV is a major auto-manufacturer. It offers passenger cars, light trucks, and light commercial vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brand names, as well as after-sales services and parts under the Mopar brand name.
If you purchased shares of Fiat Chrysler Automobiles NV (NYSE: FCAU)on or before June 28, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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