Fiat Chrysler Automobiles NV (NYSE:FCAU) Investor Investigation Concerning Potential Securities Laws Violations Announced

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Company Name(s): 
Fiat Chrysler
Affected Securities: 

August 3, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Fiat Chrysler Automobiles NV (NYSE:FCAU) shares was launched over potential securities laws violations by Fiat Chrysler Automobiles and certain of its directors and officers in connection certain financial statements.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Fiat Chrysler Automobiles NV (NYSE:FCAU) concerning whether a series of statements by Fiat Chrysler Automobiles regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

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 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.