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Levi & Korsinsky announces it has commenced an investigation of Fiat Chrysler Automobiles N.V. (NYSE: FCAU) (“Fiat Chrysler”) concerning possible violations of federal securities laws by the Company and/or certain of its officers and directors.
On January 12, 2016, a civil lawsuit was filed against the Company, alleging that the Company had inflated the number of year over year sales reported. Then on January 15, 2016, the Company filed a Form 6-K acknowledging that a lawsuit had been filed against FCA US LLC. As a result of these disclosures, Fiat Chrysler stock fell more than 15% between January 12, 2016 and January 20, 2016, representing an approximate $1.67 billion loss to the stock’s market capitalization.
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