{"id":58392,"date":"2024-02-10T07:40:06","date_gmt":"2024-02-10T07:40:06","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/ubs-comments-on-cummins-cmi-record-setting-1-675-billion-us-environmental-fine-amid-investor-class-action-hagens-berman\/"},"modified":"2024-02-10T07:40:06","modified_gmt":"2024-02-10T07:40:06","slug":"ubs-comments-on-cummins-cmi-record-setting-1-675-billion-us-environmental-fine-amid-investor-class-action-hagens-berman","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/ubs-comments-on-cummins-cmi-record-setting-1-675-billion-us-environmental-fine-amid-investor-class-action-hagens-berman\/","title":{"rendered":"UBS Comments on Cummins\u2019 (CMI) Record-Setting $1.675 Billion US Environmental Fine Amid Investor Class Action \u2013 Hagens Berman"},"content":{"rendered":"

Hagens Berman, National Trial Attorneys, Encourages CMI Investors with Substantial Losses to Contact Firm<\/em><\/p>\n

SAN FRANCISCO, Feb. 09, 2024 (GLOBE NEWSWIRE) — Hagens Berman urges Cummins Inc. (NYSE: CMI)<\/strong> investors who suffered substantial losses to submit your losses now<\/a>.<\/p>\n

Class Period: <\/strong>Apr. 30, 2019 \u2013 Dec. 21, 2023
Lead Plaintiff Deadline: <\/strong>Mar. 15, 2024
Visit:<\/strong> www.hbsslaw.com\/investor-fraud\/cmi<\/a>
Contact An Attorney Now:<\/strong> CMI@hbsslaw.com<\/a>
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0844-916-0895<\/strong><\/p>\n

Cummins Inc. (CMI) Securities Fraud Class Action: <\/strong><\/p>\n

In a report to clients, analysts at UBS recently commented on Cummins\u2019 agreement to pay a $1.675 billion fine for installing devices on hundreds of thousands of engines to allow them to emit excess pollution, the largest-ever civil penalty for a Clean Air Act violation.<\/p>\n

UBS remarked that \u201cthe settlement is bigger than we were expecting,\u201d noting that it \u201cequates to ~5.8% of [Cummins\u2019] current market cap.\u201d UBS emphasized the \u201ccash drag\u201d the settlement presents, stating that \u201cpayment \/charge are not tax deductible and there is no insurance to reduce the amount CMI has to pay out,\u201d and that \u201cCMI might do some short term borrowing to finance a part of it.\u201d<\/p>\n

In addition to negative analyst sentiment, Cummins also faces a recently filed securities fraud class action stemming from the EPA\/Carb settlement.<\/p>\n

The complaint there alleges Cummins misrepresented and concealed that: (1) contrary to its post-April 2019 assurances about its commitment to compliance, Cummins continued to produce engines utilizing undisclosed engine control software features from 2019 to 2023; and (2) accordingly, the company understated its legal and regulatory risks.<\/p>\n

\u201cWe are investigating whether Cummins intentionally made false statements concerning its public health and regulatory compliance,\u201d said Reed Kathrein, the Hagens Berman partner leading the firm\u2019s investigation. \u201cWe are also investigating when the directors knew of the continued non-compliance.\u201d<\/p>\n

If you invested in Cummins and have substantial losses, or have knowledge that may assist the firm\u2019s investigation, submit your losses now<\/a> \u00bb<\/p>\n

If you\u2019d like more information and answers to frequently asked questions about the Cummins investigation, read more<\/a> \u00bb<\/a><\/p>\n

Whistleblowers: <\/strong>Persons with non-public information regarding Cummins should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895<\/strong> or email CMI@hbsslaw.com<\/a>.<\/p>\n

About Hagens Berman<\/a>
Hagens Berman is a global plaintiffs\u2019 rights complex litigation law firm focusing on corporate accountability through class-action law. The firm is home to a robust securities litigation practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and fraud. More about the firm and its successes can be found at\u00a0hbsslaw.com<\/a>. Follow the firm for updates and news at\u00a0@ClassActionLaw<\/a>.\u00a0<\/p>\n

Attorney advertising.<\/strong>
Past results do not guarantee future outcomes.<\/strong>
Services may be performed by attorneys in any of our offices<\/strong>.\u00a0<\/p>\n

Contact: <\/u>
Reed Kathrein, 844-916-0895<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Hagens Berman, National Trial Attorneys, Encourages CMI Investors with Substantial Losses to Contact Firm SAN FRANCISCO, Feb. 09, 2024 (GLOBE NEWSWIRE) — Hagens Berman urges Cummins Inc. (NYSE: CMI) investors who suffered substantial losses to submit your losses now. Class Period: Apr. 30, 2019 \u2013 Dec. 21, 2023Lead Plaintiff Deadline: Mar. 15, 2024Visit: www.hbsslaw.com\/investor-fraud\/cmi Contact […]<\/p>\n","protected":false},"author":2,"featured_media":58393,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/ml.globenewswire.com\/Resource\/Download\/51670c91-d369-4a8c-8102-d393de9f6d19","fifu_image_alt":"","footnotes":""},"categories":[208],"tags":[],"class_list":["post-58392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/58392","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/comments?post=58392"}],"version-history":[{"count":0,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/58392\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media\/58393"}],"wp:attachment":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media?parent=58392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/categories?post=58392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/tags?post=58392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}