LOS ANGELES, May 31, 2017 /PRNewswire/ -- Goldberg Law PC, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against United Technologies Corporation ("United Technologies" or the "Company") (NYSE: UTX) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.
Investors who purchased the Company's shares between April 21, 2015 and July 20, 2015 inclusive (the "Class Period"), are encouraged to contact the firm before July 11, 2017, the lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, click here to participate.
We also encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights free of charge. You can also reach us through the firm's website at http://www.goldberglawpc.com/, or by email at email@example.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Complaint alleges that during the Class Period, United Technologies made materially false and/or misleading statements, and/or failed to disclose material information, that kept the Company's stock trading at artificially inflated prices. United Technologies issued and reaffirmed unfounded, inflated earnings guidance, primarily based on planning assumptions in two of the Company's key business units: UTC Aerospace Systems ("UTAS") and Otis Elevator Co. ("Otis"). United Technologies failed to disclose, or indicate, that its earnings forecast relied on planning assumptions for the UTAS and Otis units that were not fully scrutinized and that were too aggressive. On July 21, 2015, the Company cut its 2015 earnings guidance, based on the weak performance of the UTAS and Otis units. Following this news, the Company's stock price dropped materially, which caused investors harm.
Goldberg Law PC represents investors around the world, and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
Goldberg Law PC, Los Angeles
Michael Goldberg, Esq., 800-977-7401
Brian Schall, Esq., 800-977-7401
Sohrab Izadi, Esq., 800-977-7401
Sherin Mahdavian, Esq., 800-977-7401
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SOURCE Goldberg Law PC