CAE Inc. Class Action Lawsuit - CAE

The filed complaint alleges that CAE Inc. made materially false and/or misleading statements and/or failed to disclose that: Investors who purchased CAE on the New York Stock Exchange (“NYSE”) may have been affected by violations of federal securities laws. Specifically, CAE executives allegedly made false statements and/or concealed that: (i) several of CAE’s pre-COVID fixed-price defense contracts had incurred severe cost overruns due to supply chain and labor issues – as the segment was significantly impacted by the pandemic – which dented the segment’s profit and operating margin; and (ii) CAE failed to successfully reduce hard costs and achieve a sufficient level of operational efficiency, particularly with respect to such contracts, necessitating a re-baselining of the defense business and significant associated charges.

In order to be eligible to join the CAE class action lawsuit, you must have incurred a loss on shares of CAE Inc. purchased during the class period listed above.