NEW YORK, June 1, 2017 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a boutique securities firm headquartered at the Empire State Building in New York City, announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York against United Technologies Corporation (NYSE: UTX)("United Technologies" or the "Company") on behalf of purchasers of the Company's securities between April 21, 2015 and July 20, 2015, inclusive (the "Class Period").
The lawsuit is based on whether United Technologies and its executives violated federal securities law by misleading investors by making false and/or misleading statements that kept the Company's stock trading at factitiously inflated prices. The Company also made overly aggressive assumptions about the performance capabilities of two business units (UTC Aerospace Systems ("UTAS") and Otis Elevator Co. ("Otis") when announcing earnings guidance for fiscal year 2015.
On July 21, 2015, the Company cut its 2015 earnings guidance, based on the weak performance of the UTAS and Otis units. When the news was revealed to the public, the value of United Technologies stock dropped, causing losses to its shareholders.
Mr. Monteverde would like to personally discuss with you how to potentially recover your monetary losses, if incurred during the Class Period.
If you wish to serve as lead plaintiff, you must move the Court no later than July 11, 2017. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
Click here for more information: http://monteverdelaw.com/securities/. It is free and there is no cost or obligation to you.
Monteverde & Associates PC is a boutique class action securities and consumer litigation law firm committed that has recovered millions of dollars and is committed to protecting shareholders and consumers from corporate wrongdoing. Monteverde & Associates PC lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct.
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave, Suite 4405
New York, NY 10118
United States of America
Tel: (212) 971-1341
Attorney Advertising. (C) 2017 Monteverde & Associates PC. Prior results do not guarantee a similar outcome with respect to any future matter.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/read-now-monteverde--associates-pc-invites-united-technologies-corporation-shareholders-with-significant-losses-to-contact-the-firm-immediately--utx-300467475.html
SOURCE Monteverde & Associates PC