Cummins Inc. Class Action Lawsuit - CMI

22 days left to seek lead plaintiff status

Case Summary

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The Cummins class action lawsuit seeks to represent purchasers or acquirers of Cummins Inc. (NYSE: CMI) publicly traded securities between April 30, 2019 and December 21, 2023, inclusive (the “Class Period”).  Captioned Baker v. Cummins Inc., No. 24-cv-00369 (C.D. Cal.), the Cummins class action lawsuit charges Cummins and certain of Cummins’ top current and former executives with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the Cummins class action lawsuit, please provide your information in the form on this page.  You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at jsanchez@rgrdlaw.com.  Lead plaintiff motions for the Cummins class action lawsuit must be filed with the court no later than March 15, 2024.

CASE ALLEGATIONS: Cummins designs, manufactures, distributes, and services diesel, natural gas, electric, and hybrid powertrains and powertrain-related components.

The Cummins class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) contrary to its assurances about its commitment to compliance, Cummins continued to produce engines with unlawful emission defeating devices from 2019 to 2023; and (ii) accordingly, Cummins understated its legal and regulatory risk, and overstated its commitment to environmental protection.

The Cummins class action lawsuit further alleges that on December 22, 2023, Cummins announced that it “expects to record a charge of approximately $2.04 billion in the fourth quarter of 2023” related to “an agreement in principle [Cummins reached] with the U.S. Environmental Protection Agency, the California Air Resources Board (“CARB”), the Environmental and Natural Resources Division of the U.S. Department of Justice and the California Attorney General’s Office to resolve civil claims regarding the Company’s emissions certification and compliance process for certain engines primarily used in pick-up truck applications in the United States.”  On this news, the price of Cummins stock fell, according to the complaint.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Cummins publicly traded securities during the Class Period to seek appointment as lead plaintiff in the Cummins class action lawsuit.  A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.  A lead plaintiff acts on behalf of all other class members in directing the Cummins class action lawsuit.  The lead plaintiff can select a law firm of its choice to litigate the Cummins class action lawsuit.  An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Cummins class action lawsuit.

ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: Robbins Geller Rudman & Dowd LLP is one of the world’s leading complex class action firms representing plaintiffs in securities fraud cases.  The Firm is ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report for recovering more than $1.75 billion for investors in 2022 – the third year in a row Robbins Geller tops the list.  And in those three years alone, Robbins Geller recovered nearly $5.3 billion for investors, more than double the amount recovered by any other plaintiffs’ firm.  With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig.

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