Finance

Investor Alert: Class Action Lawsuit Deadlines for CMI, FTFT, and More

Published February 7, 2024

BENSALEM, Pa. — Investors are being alerted to upcoming deadlines for the filing of lead plaintiff motions in class action lawsuits involving several publicly-traded companies. The Law Offices of Howard G. Smith is issuing a reminder to shareholders about the legal actions currently underway, each of which alleges various statutory violations by the respective companies and seeks damages for the investor class.

Class Actions and Upcoming Deadlines

Shareholders of certain companies need to act promptly if they wish to participate as a lead plaintiff in the class action lawsuits. Notable among the companies facing legal actions are CMI, FTFT, and DSSMY. These lawsuits have been filed after alleged corporate wrongdoings, including mismanagement, misleading financial reporting, and other violations of securities laws.

The cut-off dates for lead plaintiff applications are fast approaching, and it's imperative for investors who have suffered losses and wish to recover damages to file their motions within the specified time frames. Investors who are uncertain about their eligibility or the process should seek legal advice to ensure their rights are protected.

About the Highlighted Companies

CMI, also known as Cummins, is a global powerhouse in engine design, manufacturing, and related services, headquartered in Indiana. The company's extensive product lineup includes engines and various related systems and components, catering to a diverse range of industrial applications. CMI's legal challenges stem from issues that have arisen within its operations, affecting shareholder value.

FTFT, formally referred to as Future FinTech Group Inc., operates from Beijing and is at the forefront of merging blockchain technology with e-commerce. The innovative platform built by FTFT reflects advancements in technology adapted to the modern consumer landscape in the People's Republic of China.

As these cases proceed, participation from the investor community is crucial to ensure that their collective interests are aptly represented in court. The consequences of these class action lawsuits may influence not just the financial restitution to affected shareholders but also bring about changes in corporate governance and accountability.

Investment, Lawsuit, Deadline