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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until October 21, 2019 to file lead plaintiff applications in a securities class action lawsuit against Textron Inc. (NYSE: TXT).
Textron and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On October 18, 2018, the Company disclosed weak 3Q2018 earnings and slashed its full-year 2018 forecast, which it attributed to significant discounts taken in order to clear out inventory from Arctic Cat Inc., which it had acquired in March 2017.
On this news, the price of Textron’s shares fell 11.25%, erasing $1.8B from its market capitalization.
If you purchased shares of Textron and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or fill out the form on this page.
The case is Bldg. Trades Pension Fund of Western Pennsylvania v. Textron Inc., 19-cv-07881. Click here to read the case complaint.