Levi & Korsinsky notifies investors that it has commenced an investigation into Brookfield Business Partners L.P. (NYSE: BBU) concerning potential violations of the federal securities laws.
Brookfield purchased CDK Global ("CDK"), a provider of software to car dealerships, for $6.41 billion in April 2022. The Company's CDK unit announced on June 19, 2024, that it was investigating a cyberattack that resulted in it proactively shutting down all of its systems. This action caused massive disruption for car dealerships across North America. CDK later admitted the cyberattack and also that it was hacked a second time as it tried to restore its services. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
If you suffered a loss on your Brookfield Business Partners L.P. securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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