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You must submit the settlement "Proof" form attached below, in order to participate in this settlement. There is a strict deadline of August 28, 2019 by which all claims must be submitted. The instructions for submitting are included in the "Proof" and the "Notice" files attached below for your download. DO NOT SEND THE FORMS TO THE SHAREHOLDERS FOUNDATION, INC.
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To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Lawsuit Overview
Settlement Overview
You must register to view and download the Settlement Notice and Settlement Proof.
April 10, 2019 - The court preliminarily approved the settlement.
April 5, 2019 - A stipulation of settlement was filed by the parties.
November 13, 2017 - The court denied the defendants' motion to dismiss.
September 5, 2017 - A motion to dismiss the fourth amended complaint was filed.
August 15, 2017 - A fourth amended complaint was filed.
August 1, 2017 - The court granted the defendants' motion to dismiss. The plaintiffs were given leave to amend the complaint.
February 22, 2017 - A third amended complaint was filed.
October 5, 2016 - The court granted in part and denied in part defendants motion to dismiss.
May 2, 2016 - The court denied the defendants' motion to dismiss.
April 28, 2016 - A motion to dismiss the amended complaint was filed.
March 29, 2016 - A second amended complaint was filed.
March 7, 2016 - A motion to dismiss the amended complaint was filed.
January 22, 2016 - An amended complaint was filed.
September 11, 2015 - An investor in shares of Fiat Chrysler Automobiles NV (NYSE: FCAU) filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by Fiat Chrysler Automobiles NV in connection with certain allegedly false and misleading statements made between August 1, 2014 and July 24, 2015.
According to the complaint the plaintiff alleges on behalf of purchasers of Fiat Chrysler Automobiles NV (NYSE: FCAU) common shares between August 1, 2014 and July 24, 2015, that the defendants violated Federal Securities Laws.
More specifically, the plaintiff claims that between August 1, 2014 and July 24, 2015, made allegedly false and/or misleading statements and/or allegedly failed to disclose that flaws in Fiat Chrysler Automobiles NV’s manufacturing processes, supply chain, electronic security measures, and/or quality control rendered at least 3.1 million Chrysler cars and trucks unsafe to drive, that Fiat Chrysler Automobiles NV’s slow completion rates for recalls, slow or inadequate notifications to consumers, and faulty approaches to addressing safety issues and improper actions by dealers were not in compliance with federal laws and regulations, and that as a result of the foregoing, defendants’ statements about Fiat Chrysler Automobiles NV’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis.
On June 28, 2015, Fiat Chrysler Automobiles NV (NYSE: FCAU) issued a recall of approximately 7,700 Jeep Grand Cherokee and Dodge Durango SUVs for potential braking and other problems, instructing the owners of the 65 vehicles known to have already been sold to immediately stop driving them.
On July 24, 2015, Fiat Chrysler Automobiles NV issued a recall affecting approximately 1.4 million Jeep Grand Cherokee and Dodge Durango SUVs after it was demonstrated that a security flaw in the vehicles’ systems rendered the vehicles vulnerable to remote electronic manipulation (“hacking”), including cutting the vehicle’s brakes, shutting down the vehicle’s engine, steering the vehicle off the road, and shutting down the vehicle’s electronics systems.
On Sunday, July 26, 2015, the National Highway Traffic Safety Administration (NHTSA) announced the imposition on the company of a record $105 million fine for recalls affecting more than 11 million vehicles. The NHTSA penalties are tied to legal violations in an array of areas, including misleading regulators, inadequate repairs, and failing to alert car owners in a timely manner. Fiat Chrysler Automobiles NV (NYSE: FCAU) must offer to buy back from customers more than 500,000 Ram pickup trucks and other vehicles in the biggest such action in U.S. history as part of a costly deal with safety regulators to settle legal problems in about two dozen recalls.
On September 4, 2015, Fiat Chrysler Automobiles NV issued a recall notice affecting approximately 7,810 Jeep Renegade SUVs, reflecting further hacking concerns.
On September 10, 2015, Fiat Chrysler Automobiles NV issued further recall notices affecting nearly 1.7 million recent-model Ram pickups, addressing faulty wiring harnesses, airbags, and steering components.