NEW YORK, Dec. 23, 2020 (GLOBE NEWSWIRE) -- Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Raytheon Technologies Corporation f/k/a Raytheon Company (NYSE: RTX, RTN) between February 10, 2016 and October 27, 2020, inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 29, 2020.
To join the class action, go to http://zhanginvestorlaw.com/join-action-form/?slug=raytheon-technologies-corporation&id=2507 or call Sophie Zhang, Esq. toll-free at 800-991-3756 or email firstname.lastname@example.org for information on the class action.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: Raytheon had inadequate disclosure controls and procedures and internal control over financial reporting; Raytheon had faulty financial accounting; as a result, Raytheon misreported its costs regarding Raytheon’s Missiles & Defense business since 2009; as a result of the foregoing, Raytheon was at risk of increased scrutiny from the government; as a result of the foregoing, Raytheon would face a criminal investigation by the U.S. Department of Justice; and as a result, Defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
Lead plaintiff status is not required to seek compensation. You may retain counsel of your choice. You may remain an absent class member and take no action at this time.
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