Investor Alert: Class Actions Initiated Against Cummins and Mobileye

NEW YORK, Jan. 20, 2024 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, has put forth a reminder to the investing public that legal proceedings in the form of class action lawsuits have been instigated pertaining to shareholders of two prominent companies: Cummins Inc. CMI, a leader in the design, manufacture, and distribution of engines and power solutions, based in Columbus, Indiana, and Mobileye Global Inc. MBLY, a pioneer in machine vision and machine learning for driver assistance and autonomous driving technologies.

The Case Against Cummins Inc. CMI

Cummins Inc., with its stock traded under the ticker CMI on the New York Stock Exchange, is known for its range of engines and related technologies, including fuel systems, filtration, emission control, and power generation systems. The firm's diverse portfolio also extends to servicing engines and handling aftermarket components for trucks and associated equipment. The class action claims against Cummins allege various corporate misdoings that may have adversely affected shareholders' interests.

Legal Action Facing Mobileye Global Inc. MBLY

Mobileye Global Inc. operates under the stock ticker MBLY on the NASDAQ and is recognized for its advanced contributions to driver assistance systems. The company has built a reputation based on its sophisticated machine learning and machine vision capabilities, which are crucial for the development of advanced driver assistance systems and the burgeoning domain of autonomous driving. The allegations in the lawsuit pertain to potential oversights and misrepresentations that could have misled investors or affected stock performance.

Investors who have dealt in shares of CMI or MBLY and have been affected by the alleged corporate malfeasances are encouraged to get in touch with Bragar Eagel & Squire, P.C. to learn more about their legal rights and options in the class action lawsuits.

Investors, Lawsuits, Alert