Lawsuit for Investors in NYSE:BGC Shares Against General Cable Announced by Shareholders Foundation

SAN DIEGO, CA / ACCESSWIRE / March 21, 2017 / The Shareholders Foundation, Inc. announces that a lawsuit is pending in New York for certain purchasers of shares of General Cable Corporation (NYSE: BGC) over alleged Securities Laws Violations by General Cable.

Investors, who purchased shares of General Cable Corporation in January 2012 or earlier and currently hold any of those NYSE: BGC shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

The lawsuit was originally filed in January 2017 and is currently pending against General Cable Corporation. The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that General Cable paid millions of dollars in bribes to government officials in foreign countries, including Angola, Bangladesh, China, Egypt, Indonesia, India, and Thailand, in order to secure business, that the foregoing conduct was in violation of the FCPA, that General Cable’s revenues were therefore in part the product of illegal conduct, and, as such, subject to disgorgement and unlikely to be sustainable, that the foregoing conduct, when it became known, would subject the Company to significant regulatory scrutiny and financial penalties, and that as a result of the foregoing, the Company’s statements were materially false and misleading at all relevant times.

Those who purchased General Cable (NYSE: BGC) shares should contact the Shareholders Foundation, Inc.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a 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. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

CONTACT:

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

SOURCE: Shareholders Foundation, Inc.

ReleaseID: 457807