Energy News / Shareholders Foundation, Inc.

NYSE:TEX Long-Term Shareholder Notice: Investigation of Potential Wrongdoing at Terex Corporation

Via: ReleaseWire

Updated 11:30 AM CDT, Mon, September 24,2018

An investigation on behalf of current long term investors in Terex Corporation (NYSE: TEX) shares over possible breaches of fiduciary duty by certain officers and directors was announced.

San Diego, CA -- (SBWIRE) -- 09/24/2018 -- An investigation was announced for investors in shares of Terex Corporation (NYSE: TEX) concerning potential breaches of fiduciary duties by certain directors of Terex Corporation.

Investors who are investors in Terex Corporation (NYSE: TEX) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in Terex Corporation (NYSE: TEX stocks follows a lawsuit filed against Terex Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: TEX stocks, concerns whether certain Terex directors are liable in connection with the allegations made in that lawsuit.

On September 4, 2008, Terex announced that it was updating its "2008 full year guidance and providing quarterly guidance due to changing market conditions."

On December 21, 2009, a lawsuit was filed against Terex Corporation over alleged violations of the Securities Exchange Act of 1934. According to the complaint the plaintiff alleged that the defendants failed to disclose that the Company failed to properly and timely account for impaired assets in its "Construction" and "Roadbuilding, Utility Products and Other" segments, that the Company was experiencing declining demand for its products in its Construction, Materials Processing and Aerial Work Platforms segments, and that as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about the Company and its prospects.

On November 18, 2010, a consolidated Complaint was filed and on December 03, 2010, a corrected consolidated Complaint was filed. The defendants filed a Motion to Dismiss the consolidated Complaint on January 18, 2011. On March 31, 2018, the Court issued an Order granting in part and denying in part Defendants' Motion to Dismiss the Complaint.

Those who purchased shares of Terex Corporation (NYSE: TEX) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nysetex-long-term-shareholder-notice-investigation-potential-wrongdoing-terex-1052320.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com