Legal

Cummins Inc. Investors Alerted by Former Attorney General: Lead Plaintiff Deadline Announced in Class Action Lawsuit

Published January 21, 2024

Cummins Inc. CMI, a Columbus, Indiana-based global enterprise specializing in the design, manufacture, and distribution of engines, filtration, and power generation products, is currently in the spotlight of legal proceedings brought forward by Kahn Swick & Foti, LLC. The law firm, which includes a former Louisiana Attorney General amongst its founders, has issued an alert to shareholders who have faced significant losses, urging them to be aware of the approaching lead plaintiff deadline in a class action lawsuit against Cummins Inc.

Lawsuit Background and Shareholder Notification

A class action lawsuit has been filed on behalf of Cummins shareholders, alleging that the company may have violated federal securities laws. Investors who have incurred losses exceeding $100,000 are called to consider their eligibility to serve as a lead plaintiff. This role is critical for the representation of the class of shareholders throughout the legal process. Kahn Swick & Foti, LLC, renowned for their legal prowess in securities litigation, stand poised to guide affected investors through this nuanced and often complex legal landscape.

Impact on Shareholders and Steps Forward

Shareholders who have watched their investments in Cummins CMI dwindle amidst these allegations are now at a critical juncture. Kahn Swick & Foti, LLC stress the importance of the imposed deadline for the lead plaintiff motion, which serves as an invitation to actively engage in the collective legal effort against the accused infringements by the company. This landmark case not only denotes another significant episode in securities litigation but also emphasizes the role of informed and proactive involvement in upholding corporate accountability. Shareholders of Cummins Inc. are thus encouraged to heed this call to action and secure their potential position in the ongoing legal proceedings.

Cummins, Lawsuit, Shareholders