About Law Office Of Alfred G. Yates Jr PC
For over two decades, our firm has successfully represented consumers, stockholders and investors to secure millions of dollars in recoveries and corporate governance reforms.
Current Case Investigations:
Archer-Daniels-Midland Company (NYSE: ADM)
On January 21, 2024, ADM disclosed that it had placed "Vikram Luthar, Chief Financial Officer and Senior Vice President, on administrative leave, effective immediately." The Company further disclosed that "Mr. Luthar's leave is pending an ongoing investigation being conducted by outside counsel for ADM and the Board's Audit Committee regarding certain accounting practices and procedures with respect to ADM's Nutrition reporting segment, including as related to certain intersegment transactions. ADM's investigation was initiated in response to its receipt of a voluntary document request by the U.S. Securities and Exchange Commission (SEC)."
Following this news, shares of ADM's stock declined over $15.00 per share, or over 20% in value, during intraday trading on January 22, 2024, erasing over three years of increased market value for the Company's shares and billions of dollars of market capitalization.
ADM shareholders are encouraged to contact attorney Alfred G. Yates Jr. by phone toll free at 1-844-391-5164 or by email at info@yatesclassactionlaw.com.
Cummins Inc. (NYSE: CMI)
On December 22, 2023, pre-market, the Company disclosed an agreement in principle reached with the U.S. Environmental Protection Agency and other state and federal regulators "to resolve civil claims regarding the Company's emissions certification and compliance process for certain engines" and expected to record "a charge of approximately $2.04 billion in the fourth quarter of 2023 to resolve these claims and related matters." The same day, the U.S. Department of Justice issued a press release on the matter, also disclosing that the Company "allegedly installed defeat devices on 630,000 model year 2013 to 2019 RAM 2500 and 3500 pickup truck engines," but noted that it "also allegedly installed undisclosed auxiliary emission control devices on 330,000 model year 2019 to 2023 RAM 2500 and 3500 pickup truck engines."
On this news, the price of Cummins stock fell by $7.01 per share, or 2.87%, to close at $236.99 on December 22, 2023.
CMI shareholders are encouraged to contact attorney Alfred G. Yates Jr. by phone toll free at 1-844-391-5164 or by email at info@yatesclassactionlaw.com.