Lead Plaintiff’s Securities Claims Against Caterpillar Ruled Not Actionable

(September 28, 2018, 2:37 PM EDT) -- CHICAGO — A federal judge in Illinois on Sept. 26 ruled that a lead plaintiff in a securities class action lawsuit against construction, mining and forestry machinery manufacturer Caterpillar Inc. failed to sufficiently plead any actionable misstatements or omissions to support its claims that the company and certain of its senior executives concealed, in violation of federal securities laws, the substantial risk to Caterpillar’s tax position and subsequent governmental investigations into its creation of a Swiss subsidiary (Société Générale Securities Services GmbH v. Caterpillar Inc., et al., No. 17-1713, N.D. Ill., 2018 U.S. Dist. LEXIS 164739)....

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