Tue Sep 10 17:23:00 UTC 2024: ## CAE Inc. Shareholders Encouraged to Join Class Action Lawsuit

**NEW YORK, Sept. 10, 2024** – The Gross Law Firm has announced a class action lawsuit against CAE Inc. (NYSE: CAE), alleging the company misled investors about its financial performance. The firm is representing shareholders who purchased CAE stock between February 11, 2022 and May 21, 2024.

The lawsuit claims that CAE made false and misleading statements regarding its defense contracts, specifically failing to disclose significant cost overruns due to supply chain and labor issues exacerbated by the pandemic. These cost overruns allegedly impacted the company’s profitability and operating margin, leading to a re-baselining of the defense business and substantial associated charges.

The Gross Law Firm is encouraging shareholders who purchased CAE stock during the specified period to register for the class action lawsuit by September 16, 2024. The deadline to seek appointment as lead plaintiff is also September 16th.

Shareholders who register will be enrolled in a portfolio monitoring software that will provide them with updates on the case. Participation in the lawsuit is free and does not obligate shareholders to any financial commitment.

The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors from financial harm caused by corporate misconduct. The firm is committed to ensuring that companies operate with transparency and ethical business practices.

**Contact:**
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903

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