NEW YORK - Bragar Eagel & Squire, P.C., a law firm specializing in stockholder rights, is investigating claims on behalf of investors of Cummins Inc . (NYSE:CMI) regarding potential violations of federal securities laws. This inquiry follows the announcement of a tentative $1.675 billion settlement between Cummins and the U.S. Department of Justice, addressing allegations that the company breached the Clean Air Act.
The Department of Justice's press release dated December 22, 2023, revealed that Cummins purportedly installed emissions defeat devices in hundreds of thousands of engines. News of the settlement and the associated charges led to a 2.87% decline in Cummins' stock price, which closed at $236.99 following the announcement.
The law firm's investigation aims to determine whether Cummins has engaged in unlawful business practices that have adversely affected its shareholders. Bragar Eagel & Squire encourages those who have incurred losses from investing in Cummins or have relevant information to come forward and participate in the action to potentially recover their losses.
Cummins, known for its production of engines and related technologies, is now under scrutiny for its compliance with environmental regulations, which has significant implications for investor confidence and the company's financial standing.
Bragar Eagel & Squire represents both individual and institutional investors in various litigation cases and is recognized nationally for its legal expertise. The firm's investigation into Cummins is part of its broader commitment to uphold the rights of shareholders and maintain corporate accountability.
Investors in Cummins who have suffered a loss or those seeking more information about the claims against the company are invited to contact Bragar Eagel & Squire. The firm assures that there are no costs or obligations for investors to participate in the investigation.
This news is based on a press release statement and reflects the current stage of the law firm's investigation into Cummins Inc.
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