Cummins Inc.

Ticker: CMI

Class Period Start: 04/30/2019

Class Period End: 12/21/2023

Registration Deadline: 03/15/2024

A securities class action has been filed in the USDC —C.D.CA. against Cummins Inc. (CMI) (“Cummins” or the “Company”), on behalf of all persons and entities that purchased or otherwise acquired Cummins securities between April 30, 2019 and December 21, 2023, both dates inclusive (the “Class Period”).

 

Defendant Cummins purports to be a “a global power leader”. It “designs, manufactures, distributes and services diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, axles, drivelines, brakes, suspension systems, electric power generation systems, batteries, electrified power systems, electric powertrains, hydrogen production and fuel cell products.”.

 

The Complaint alleges that defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that:

(1)  contrary to its post-April 2019 announcement assurances about its commitment to compliance, Cummins continued to produce engines with unlawful emission defeating devices from 2019 to 2023;

(2)  accordingly, Cummins understated its legal and regulatory risk, and overstated its commitment to environmental protection; and

(3)  as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times, thereby harming investors.

 

After the announcement in the press release on August 8, 2022, the Company’s American Depositary Share (“ADS”) price fell $13.81 per ADS, or 7.54%, to close at $169.30 on the same day.

 

If you purchased Cummins securities during the Class Period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.

 

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