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Name | Symbol | Market | Type |
---|---|---|---|
Xtrackers California Municipal Bonds ETF | NASDAQ:CA | NASDAQ | Exchange Traded Fund |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 24.8459 | 9.92 | 39.40 | 0 | 09:09:45 |
NEW YORK, Sept. 1, 2015 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential misconduct at CA, Inc. ("CA" or the "Company").
The investigation focuses on the role of the Company's officers and directors in defrauding the General Services Administration ("GSA") and other federal agencies in connection with the defective pricing of computer software products and maintenance. Specifically it has been alleged that the Company provided inaccurate commercial discounting information to the GSA during contract negotiations and that, as a result, the GSA's contract discount was lower than it otherwise would have been. In addition, it is alleged that the Company failed to apply the full negotiated discount in some instances and to pay sufficient rebates pursuant to the contract's price reduction clause.
As a result of these allegations, the Company now faces a whistleblower suit in which the plaintiff seeks excess of $100 million. Additionally, the GSA, based on these allegations issued a show cause letter to the Company, which may result in CA becoming ineligible from receiving any future government contracts. Government contracts account for 8% of the Company's revenue and their termination "could materially adversely affect [the Company's] business, financial condition, operating results and cash flow" according to the Company's most recent annual report.
Request more information now by clicking here: www.faruqilaw.com/CA. There is no cost or obligation to you.
Take Action
If you currently own CA stock and would like to discuss your legal rights, please visit www.faruqilaw.com/CA. You can also contact us by calling Stuart Guber toll free at (215) 277-5770 or by sending an e-mail to sguber@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding CA's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
FARUQI & FARUQI, LLP
101 Greenwood Avenue Suite 600
Jenkintown, PA 19046
Attn: Stuart Guber
sguber@faruqilaw.com
Telephone: (215) 277-5770
Logo - http://photos.prnewswire.com/prnh/20120119/MM38856LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/faruqi--faruqi-llp-is-investigating-ca-inc-ca-on-behalf-of-its-shareholders-300136191.html
SOURCE Faruqi & Faruqi, LLP
Copyright 2015 PR Newswire
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