SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Ferrari N.V. (RACE)
NEW YORK, March 5, 2018 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Ferrari N.V. ("Ferrari" or the "Company") (NYSE: RACE). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/race.
The investigation concerns whether Ferrari and certain of its officers and/or directors have violated Sections federal securities laws.
On February 28, 2018, the Miami Herald reported that "Ferrari says it will stop rolling back odometers on fancy pre-owned cars," and the article continues that the company notified dealers it would "no longer provide access codes that for years allowed an app called DEIS tester to make miles driven vanish from dashboards of Spiders, Californias and 488 GTBs." Additionally, the article said that a Ferrari internal memo stated the "odometer 'reset to zero' functionality was being removed," and the instructions to roll back miles that were provided to technicians in Ferrari Workshop Manuals. Following this news, Ferrari stock dropped $2.68 per share or over 2% to close at $121.53 per share on March 1, 2018.
If you are aware of any facts relating to this investigation, or purchased shares of Ferrari, you can assist this investigation by visiting the firm's site: www.bgandg.com/race. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC
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