Cummins Inc (CMI)

[jgrabar]

NOTICE TO LONG-TERM SHAREHOLDERS OF CUMMINS INC. (NYSE: CMI): GRABAR LAW OFFICE IS INVESTIGATING CLAIMS ON YOUR BEHALF

Current Cummins Inc. (NYSE: CMI) shareholders who have held Cummins shares since prior to April 30, 2019, can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to them whatsoever. To participate or learn more at no cost to you visit: https://grabarlaw.com/the-latest/cummins-shareholder-investigation/

Grabar Law Office is investigating claims on behalf of Cummins shareholders. The investigation concerns whether certain officers and directors of Cummins have breached their fiduciary duties owed to the company.

Why: On January 10, 2024, the Department of Justice and State of California announced that diesel engine manufacturer Cummins agreed to pay a record $1.675 billion civil penalty for vehicle emissions test cheating.
In addition, a securities fraud class action complaint has been filed that further alleges that Cummins, via certain of its officers and directors, 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, Cummins’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.