StaffAllpar HomeMore NewsCarsTrucksUpcomingRepairsTest drives

Lawyers pounce on FCA

by David Zatz on

Class action lawyers Kessler Topaz Meltzer & Check, LLP are starting a class action lawsuit against FCA, claiming that the company and its executives failed to disclose recall and quality issues so that its financial statements were “false and misleading and and/or lacked and reasonable basis.”

The lawsuit affects those who bought Fiat or Fiat Chrysler stock after August 1, 2014 and before July 24, 2015.

Fiat Chrysler stock (FCAU) was under $9 per share when FCA was first formed in October 2014; it is now around $14, having fallen with the Volkswagen-Audi scandal. It has slowly been climbing back.

Over the last year, FCAU has been as low as $8.54 per share and as high as $17.08 per share. The recall debacle did not appear to affect the stock price at the time.

Dodge introduces Durango Hellcat, Charger Redeye and Challenger Super Stock

FCA sales plummeted—as we expected them to

Dodge first domestic to top J.D. Power, and other odd news

More Mopar Car
and Truck News

Some popular Allpar pages

Dodge Demon

2018 Wrangler JL

Staff details/contactsTerms of ServiceInformation is presented to the best of our knowledge. Plans change and sometimes mistakes are made. Decisions or purchases made based on this site's verbiage or images are done at the reader's own risk. Also see the Allpar News archives, 1997-2008 • Copyright © VerticalScope Inc. All rights reserved. • Mopar, Dodge, Jeep, Chrysler, HEMI, and certain other names are trademarks of Fiat Chrysler Automobiles.