Cummins Inc

NYSE:CMIUnited States

By Heather Gillers

Private-equity and pension funds seemed like a match made in heaven. U.S. companies and states handed over control of some worker retirement savings. In exchange, they got a promise of high returns after a decade -- and often received healthy cash payouts in the years before that.

NEW YORK, NY / ACCESSWIRE / June 13, 2024 /

Cummins Inc. (NYSE:CMI)

Lifshitz Law PLLC announces investigation into possible securities laws violations and/or breaches of fiduciary duties in connection with allegations that the Company made materially false and/or misleading statements and/or failed to disclose that: (i) 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; (ii) accordingly, Cummins understated its legal and regulatory risk, and overstated its commitment to environmental protection; and (iii) as a result, the Company's statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.