Grabar Law Office Investigates Claims on Behalf of Shareholders of Cummins Inc. (CMI) After Cummins Settles with DOJ for $1.675 Billion

Philadelphia, Pennsylvania--(Newsfile Corp. - February 27, 2024) - On January 10, 2024, the Department of Justice and California announced that diesel engine manufacturer Cummins Inc. (NYSE: CMI) agreed to pay a record $1.675 billion civil penalty for vehicle emissions test cheating.

A recently filed securities fraud class action complaint 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.

Current Cummins shareholders who have held Cummins stock since prior to April 30, 2019, can seek corporate reforms, the return of funds spent defending litigation back to the company, and a court approved incentive award at no cost to them whatsoever.

If you would like to learn more about this matter, you are encouraged to visit https://grabarlaw.com/the-latest/cummins-shareholder-investigation/, contact Joshua H. Grabar at jgrabar@grabarlaw.com or Mia R. Heller at mheller@grabarlaw.com, or call us at 267-507-6085. $CMI #Cummins

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Contact:
Joshua H. Grabar, Esq.
Grabar Law Office
One Liberty Place
1650 Market Street, Suite 3600
Philadelphia, PA 19103
Tel: 267-507-6085
Email: jgrabar@grabarlaw.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/199523