IRVINE, Calif., July 10, 2017 (GLOBE NEWSWIRE) -- Khang & Khang LLP (the “Firm”) announces a securities class
action lawsuit against United Technologies Corporation (“United Technologies” or the “Company”) (NYSE:UTX). Investors who purchased
or otherwise acquired shares between April 21, 2015 and July 20, 2015, inclusive (the “Class Period”), are encouraged to contact
the Firm by the July 11, 2017 lead plaintiff motion deadline.
If you purchased United Technologies shares during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP,
18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone at (949) 419-3834, or by e-mail at
joon@khanglaw.com.
There has been no class certification in this case yet, and until certification occurs, you are not represented by an attorney.
You may also choose to take no action and remain a passive class member.
According to the Complaint, throughout the Class Period, United Technologies issued and reaffirmed unfounded and inflated
earnings guidance, mainly based on the planning assumptions in two of the Company’s key business units: UTC Aerospace Systems
(“UTAS”) and Otis Elevator Co. (“Otis”). The Company failed to disclose or indicate that its earnings forecast relied on planning
assumptions for the UTAS and Otis units that were not fully scrutinized and that were too aggressive. On July 21, 2015, the Company
cut its 2015 earnings guidance, based on the weak performance of the UTAS and Otis units. When this news was announced, shares
of United Technologies dropped in value materially, which caused investors harm according to the Complaint.
If you wish to learn more about this lawsuit, or if you have questions about this notice or your rights, please
contact Joon M. Khang, Esq., a prominent litigator for nearly two decades, by telephone: (949) 419-3834, or
by e-mail at joon@khanglaw.com.
This press release may constitute Attorney Advertising in certain jurisdictions.
Contact Joon M. Khang, Esq. Telephone: 949-419-3834 Facsimile: 949-225-4474 joon@khanglaw.com
