Class Action Lawsuit on Behalf of Caterpillar Inc. Investors
Caterpillar Inc. Lawsuit Details
Gilman Law LLP has announced that on June 9, 2015 a federal securities lawsuit was filed on behalf of a shareholder in Caterpillar Inc. (NASDAQ: CAT). The complaint alleges the company’s board failed to disclose a tax evasion scheme by auditor PricewaterhouseCoopers. The lawsuit points to a May 2 proxy statement which voted to keep PricewaterhouseCoopers as the company’s auditor following the 2014 Senate committee report that found Caterpillar created a Swiss entity to move $8 billion in profits thereby avoiding $2.4 billion in U.S. taxes. Plaintiff contends that the company did not disclose key information relating to the alleged wrongdoings of PricewaterhouseCoopers as it helped Caterpillar keep its books.
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