Case Summary

Cummins

NASDAQ: BNTX

Case Details

  • Baker v. Cummins Inc. et al.
  • Class Period:April 30, 2019 - December 21, 2023
  • Date Filed:January 15, 2023
  • Jurisdiction:U.S. District Court, Central District of California
  • Docket Number: 2:24-cv-00369
  • Lead Plaintiff Deadline: March 15, 2024
Days Left to
Seek Plaintiff
23

Overview

A class action lawsuit has been filed against Cummins, Inc., (“Cummins” or the “Company”) (NASDAQ: BNTX) and certain of the Company’s current and former senior executive officers alleging violations of the Securities Exchange Act of 1934. The lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired publicly traded Cummins securities between April 30, 2019, and December 21, 2023, both dates inclusive (the “Class Period”) and investors have until March 15, 2024, to seek appointment as lead plaintiff of the Cummins class action lawsuit.

Cummins purports to be a “a global power leader”. It “designs, manufactures, distributes and services diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, axles, drivelines, brakes, suspension systems, electric power generation systems, batteries, electrified power systems, electric powertrains, hydrogen production and fuel cell products.

The lawsuit also alleges that throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Contrary to its post-April 2019 Announcement assurances about its commitment to compliance, Cummins continued to produce engines with unlawful emission defeating devices from 2019 to 2023; (2) accordingly, Cummins understated its legal and regulatory risk, and overstated its commitment to environmental protection; and (3) as a result, Defendants statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

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If you purchased or otherwise acquired publicly traded Cummins (NASDAQ: BNTX) securities between April 30, 2019, and December 21, 2023, both dates inclusive, and suffered substantial losses, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at investors@dicellolevitt.com. 

The deadline to apply to the Court to serve as a lead plaintiff in the Cummins lawsuit is March 15, 2024.

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