NEW YORK, March 29, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors of class action against Precision Castparts Corp. ("Precision Castparts" or the "Company") (Formerly traded NYSE: PCP, acquired 2/1/2016) and certain of its officers. The class action has been filed on behalf of a class consisting of all persons or entities who purchased Precision Castparts securities between May 9, 2013 and January 15, 2015 inclusive (the "Class Period"). Such investors are advised to contact Peretz Bronstein or his investor relations analyst, Yael Hurwitz at firstname.lastname@example.org or 212-697-6484.
Precision Castparts Corp. is a Oregon based industrial goods and metal fabricaation company that manufactures investment castings, forged components, and airfoil castings for use in the aerospace, industrial gas turbine, and defense industries.
Precision Castparts made allegedly misled investors about the Company's growth prospects and assured investors that it had steady customer demand for its products, while in reality, the Company was losing significant market share to its competitors. Precision Castparts concealed its loss of market share and credited the weakened sales figure to a short-lived situation that will soon pass. Once this information of the Company's permanent decline in demand for products became public, investors suffered.
The complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose: (1) that the Company was losing significant market share to its competitors; (2) that this loss of business to competitors was not, as the Company represented, a temporary decline in sales that would reappear in the near future, but was instead a permanent decline in demand for the Company's products; and (3) that, as a result, the Company's positive statements about its business, operations, and prospects lacked a reasonable basis.
No Class has yet been certified in the above action. If you wish to review a copy of the Complaint and to join this action, please visit the firm's site: http://www.bgandg.com/#!pcp/xu3ni. To discuss this action, or have any questions, please contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email email@example.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. If you suffered a loss in Precision Castparts, you have until May 24, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | firstname.lastname@example.org
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