DALLAS, July 9, 2012 /PRNewswire/ -- Goldfarb LLP is investigating whether the board of directors of United Technologies Corporation (NYSE: UTX) violated shareholder protection laws in relation to a company subsidiary pleading guilty to violating the Arms Export Control Act and UTX pleading guilty to false statements about those exports. According to federal authorities, the company sold software to China so that it could produce its first attack helicopter with American technology and then made false statements to authorities about it. Concerned UTX investors are encouraged to contact attorney Hamilton Lindley at 877-583-2855 or [email protected] about their rights and remedies.
"The company admitted accusations of compromising national security by assisting China build its first attack helicopter," securities lawyer Hamilton Lindley said. "As a result, UTX was fined more than $75 million as part of a settlement with the US Justice Department and US State Department. Our proposed shareholder lawsuit will seek to ensure that proper controls are placed to correct any improper behavior, and to improve the company's value for investors."
Goldfarb LLP lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. United Technologies Corporation. shareholders – or anyone with knowledge about this situation – should contact lawyer Hamilton Lindley at
[email protected] or 877-583-2855.
2501 N. Harwood, Ste. 1801
Dallas, TX 75201
(877) 583-2855 Toll Free Telephone
(214) 583-2233 Local Phone Number
(214) 583-2234 Fax Number
SOURCE Goldfarb LLP