{"id":382330,"date":"2020-11-16T16:49:28","date_gmt":"2020-11-16T21:49:28","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=382330"},"modified":"2020-11-16T16:49:28","modified_gmt":"2020-11-16T21:49:28","slug":"deadline-reminder-kessler-topaz-meltzer-check-llp-announces-deadline-in-securities-fraud-class-action-lawsuit-filed-against-raytheon-technologies-corporation-f-k-a-raytheon-company","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-reminder-kessler-topaz-meltzer-check-llp-announces-deadline-in-securities-fraud-class-action-lawsuit-filed-against-raytheon-technologies-corporation-f-k-a-raytheon-company\/","title":{"rendered":"DEADLINE REMINDER:  Kessler Topaz Meltzer &amp; Check, LLP Announces Deadline in Securities Fraud Class Action Lawsuit Filed Against Raytheon Technologies Corporation f\/k\/a Raytheon Company"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">RADNOR, Pa.<\/span>, <span class=\"xn-chron\">Nov. 16, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0The law firm of Kessler Topaz Meltzer &amp; Check, LLP alerts investors that a securities fraud class action lawsuit has been filed against Raytheon Technologies Corporation f\/k\/a Raytheon Company (NYSE: \u00a0RTX, RTN) (&#8220;Raytheon&#8221;) on behalf of those who purchased or otherwise acquired Raytheon securities <b><i>between <span class=\"xn-chron\">February 10, 2016<\/span> and <span class=\"xn-chron\">October 27, 2020<\/span><\/i><\/b>, inclusive (the &#8220;Class Period&#8221;).<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/277422\/ktmc_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/277422\/ktmc_Logo.jpg\" title=\"KTMC (PRNewsFoto\/Kessler Topaz Meltzer &amp; Check)\" alt=\"KTMC (PRNewsFoto\/Kessler Topaz Meltzer &amp; Check)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>\n        <b><br \/>\n          <i>Investors who purchased or otherwise acquired Raytheon securities<\/i><br \/>\n        <\/b><br \/>\n        <b><br \/>\n          <i>during the Class Period may, <u>no later than <span class=\"xn-chron\">December 29, 2020<\/span><\/u>, seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this litigation please click <\/i><br \/>\n        <\/b><br \/>\n        <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2983573-1&amp;h=1448241697&amp;u=https%3A%2F%2Fwww.ktmc.com%2Fnew-cases%2Fraytheon-technologies-corporation%3Futm_source%3DPR%26utm_medium%3Dlink%26utm_campaign%3Draytheon&amp;a=https%3A%2F%2Fwww.ktmc.com%2Fnew-cases%2Fraytheon-technologies-corporation%3Futm_source%3DPR%26utm_medium%3Dlink%26utm_campaign%3Draytheon\" rel=\"nofollow noopener noreferrer\">https:\/\/www.ktmc.com\/new-cases\/raytheon-technologies-corporation?utm_source=PR&amp;utm_medium=link&amp;utm_campaign=raytheon<\/a><br \/>\n        <b><br \/>\n          <i>.<\/i><br \/>\n        <\/b>\n      <\/p>\n<p>According to the complaint, Raytheon is an aerospace and defense company providing advanced systems and services for commercial, military, and government customers worldwide. On <span class=\"xn-chron\">April 3, 2020<\/span>, United Technologies Corporation and Raytheon Company completed a merger and changed &#8220;Raytheon Company&#8221; to &#8220;Raytheon Technologies Corporation.&#8221;<\/p>\n<p>The Class Period commences on <span class=\"xn-chron\">February 10, 2016<\/span>, when Raytheon Company published its annual report on a Form 10-K for the year ended <span class=\"xn-chron\">December 31, 2015<\/span>, which stated in relevant part, &#8220;we maintain a system of internal control over financial reporting to provide reasonable assurance that assets are safeguarded and that transactions are properly executed and recorded. The system includes policies and procedures, internal audits and our officers&#8217; reviews.&#8221;<\/p>\n<p>Concerns regarding Raytheon&#8217;s financial accounting and internal controls over financial reporting were revealed after market hours on <span class=\"xn-chron\">October 27, 2020<\/span>, when Raytheon filed its quarterly report on a Form 10-Q with the SEC for the quarter ended <span class=\"xn-chron\">September 30<\/span>, 2020.\u00a0 The Form 10-Q reported that &#8220;[o]n <span class=\"xn-chron\">October 8, 2020<\/span>, [Raytheon] received a criminal subpoena from the [U.S. Department of Justice (&#8220;DOJ&#8221;)] seeking information and documents in connection with an investigation relating to financial accounting, internal controls over financial reporting, and cost reporting regarding Raytheon Company&#8217;s Missiles &amp; Defense business since 2009.&#8221;<\/p>\n<p>Following this news, the price of Raytheon shares fell <span class=\"xn-money\">$4.19<\/span> per share, or 7%, to close at <span class=\"xn-money\">$52.34<\/span> per share on <span class=\"xn-chron\">October 28, 2020<\/span>.<\/p>\n<p>The complaint alleges that throughout the Class Period, the defendants made false and\/or misleading statements and\/or failed to disclose that: (1) Raytheon had inadequate disclosure controls and procedures and internal control over financial reporting; (2) Raytheon had faulty financial accounting; (3) as a result, Raytheon misreported its costs regarding Raytheon Company&#8217;s Missiles &amp; Defense business since 2009; (4) as a result of the foregoing, Raytheon was at risk of increased scrutiny from the government; (5) as a result of the foregoing, Raytheon would face a criminal investigation by the DOJ; and (6) as a result, the defendants&#8217; public statements were materially false and\/or misleading at all relevant times.<\/p>\n<p>If you wish to discuss this securities fraud class action lawsuit or have any questions concerning this notice or your rights or interests with respect to this litigation, please contact Kessler Topaz Meltzer &amp; Check (<span class=\"xn-person\">James Maro, Jr., Esq.<\/span> or <span class=\"xn-person\">Adrienne Bell, Esq.<\/span>) at (844) 877-9500 (toll free) or (610) 667\u20137706, or via e-mail at <a href=\"mailto:info@ktmc.com\" rel=\"nofollow\">info@ktmc.com<\/a>.<\/p>\n<p>Raytheon investors who wish to discuss this securities fraud class action lawsuit and their legal options are encouraged to contact Kessler Topaz Meltzer &amp; Check, LLP (<span class=\"xn-person\">James Maro, Jr., Esq.<\/span> or <span class=\"xn-person\">Adrienne Bell, Esq.<\/span>) at (844) 877-9500 (toll free) or at <a target=\"_blank\" href=\"mailto:info@ktmc.com\" rel=\"nofollow noopener noreferrer\">info@ktmc.com<\/a>.<\/p>\n<p>Raytheon<b>\u00a0<\/b>investors may, <b><i><u>no later than <span class=\"xn-chron\">December 29, 2020<\/span><\/u><\/i><\/b>, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer &amp; Check, or other counsel, or may choose to do nothing and remain an absent class member.\u00a0 A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation.\u00a0 In order to be appointed as a lead plaintiff, the Court must determine that the class member&#8217;s claim is typical of the claims of other class members, and that the class member will adequately represent the class.\u00a0 Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.<\/p>\n<p>Kessler Topaz Meltzer &amp; Check prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer &amp; Check is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from <span class=\"xn-location\">the United States<\/span> and around the world. \u00a0The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars).\u00a0 The complaint in this action was not filed by Kessler Topaz Meltzer &amp; Check. For more information about Kessler Topaz Meltzer &amp; Check, please visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2983573-1&amp;h=1344283774&amp;u=http%3A%2F%2Fwww.ktmc.com%2F&amp;a=www.ktmc.com\" rel=\"nofollow noopener noreferrer\">www.ktmc.com<\/a>.<\/p>\n<p>CONTACT:<\/p>\n<p>Kessler Topaz Meltzer &amp; Check, LLP<br \/><span class=\"xn-person\">James Maro, Jr., Esq.<\/span><br \/><span class=\"xn-person\">Adrienne Bell, Esq.<\/span><br \/>280 King of Prussia Road<br \/><span class=\"xn-location\">Radnor, PA<\/span> 19087<br \/>(844) 877-9500 (toll free)<br \/>(610) 667-7706<br \/><a target=\"_blank\" href=\"mailto:info@ktmc.com\" rel=\"nofollow noopener noreferrer\">info@ktmc.com<\/a><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DC93573&amp;sd=2020-11-16\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/deadline-reminder--kessler-topaz-meltzer--check-llp-announces-deadline-in-securities-fraud-class-action-lawsuit-filed-against-raytheon-technologies-corporation-fka-raytheon-company-301174043.html\">http:\/\/www.prnewswire.com\/news-releases\/deadline-reminder&#8211;kessler-topaz-meltzer&#8211;check-llp-announces-deadline-in-securities-fraud-class-action-lawsuit-filed-against-raytheon-technologies-corporation-fka-raytheon-company-301174043.html<\/a><\/p>\n<p>SOURCE  Kessler Topaz Meltzer &amp; Check, LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DC93573&amp;Transmission_Id=202011161646PR_NEWS_USPR_____DC93573&amp;DateId=20201116\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire RADNOR, Pa., Nov. 16, 2020 \/PRNewswire\/ &#8212;\u00a0The law firm of Kessler Topaz Meltzer &amp; Check, LLP alerts investors that a securities fraud class action lawsuit has been filed against Raytheon Technologies Corporation f\/k\/a Raytheon Company (NYSE: \u00a0RTX, RTN) (&#8220;Raytheon&#8221;) on behalf of those who purchased or otherwise acquired Raytheon securities between February 10, 2016 and October 27, 2020, inclusive (the &#8220;Class Period&#8221;). Investors who purchased or otherwise acquired Raytheon securities during the Class Period may, no later than December 29, 2020, seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this litigation please click https:\/\/www.ktmc.com\/new-cases\/raytheon-technologies-corporation?utm_source=PR&amp;utm_medium=link&amp;utm_campaign=raytheon . According to the complaint, Raytheon is an aerospace and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-reminder-kessler-topaz-meltzer-check-llp-announces-deadline-in-securities-fraud-class-action-lawsuit-filed-against-raytheon-technologies-corporation-f-k-a-raytheon-company\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;DEADLINE REMINDER:  Kessler Topaz Meltzer &amp; Check, LLP Announces Deadline in Securities Fraud Class Action Lawsuit Filed Against Raytheon Technologies Corporation f\/k\/a Raytheon Company&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-382330","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>DEADLINE REMINDER: Kessler Topaz Meltzer &amp; Check, LLP Announces Deadline in Securities Fraud Class Action Lawsuit Filed Against Raytheon Technologies Corporation f\/k\/a Raytheon Company - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-reminder-kessler-topaz-meltzer-check-llp-announces-deadline-in-securities-fraud-class-action-lawsuit-filed-against-raytheon-technologies-corporation-f-k-a-raytheon-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DEADLINE REMINDER: Kessler Topaz Meltzer &amp; Check, LLP Announces Deadline in Securities Fraud Class Action Lawsuit Filed Against Raytheon Technologies Corporation f\/k\/a Raytheon Company - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire RADNOR, Pa., Nov. 16, 2020 \/PRNewswire\/ &#8212;\u00a0The law firm of Kessler Topaz Meltzer &amp; Check, LLP alerts investors that a securities fraud class action lawsuit has been filed against Raytheon Technologies Corporation f\/k\/a Raytheon Company (NYSE: \u00a0RTX, RTN) (&#8220;Raytheon&#8221;) on behalf of those who purchased or otherwise acquired Raytheon securities between February 10, 2016 and October 27, 2020, inclusive (the &#8220;Class Period&#8221;). Investors who purchased or otherwise acquired Raytheon securities during the Class Period may, no later than December 29, 2020, seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this litigation please click https:\/\/www.ktmc.com\/new-cases\/raytheon-technologies-corporation?utm_source=PR&amp;utm_medium=link&amp;utm_campaign=raytheon . According to the complaint, Raytheon is an aerospace and &hellip; Continue reading &quot;DEADLINE REMINDER: Kessler Topaz Meltzer &amp; Check, LLP Announces Deadline in Securities Fraud Class Action Lawsuit Filed Against Raytheon Technologies Corporation f\/k\/a Raytheon Company&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-reminder-kessler-topaz-meltzer-check-llp-announces-deadline-in-securities-fraud-class-action-lawsuit-filed-against-raytheon-technologies-corporation-f-k-a-raytheon-company\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-16T21:49:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/277422\/ktmc_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/deadline-reminder-kessler-topaz-meltzer-check-llp-announces-deadline-in-securities-fraud-class-action-lawsuit-filed-against-raytheon-technologies-corporation-f-k-a-raytheon-company\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/deadline-reminder-kessler-topaz-meltzer-check-llp-announces-deadline-in-securities-fraud-class-action-lawsuit-filed-against-raytheon-technologies-corporation-f-k-a-raytheon-company\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"DEADLINE REMINDER: Kessler Topaz Meltzer &amp; 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Check, LLP Announces Deadline in Securities Fraud Class Action Lawsuit Filed Against Raytheon Technologies Corporation f\/k\/a Raytheon Company - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-reminder-kessler-topaz-meltzer-check-llp-announces-deadline-in-securities-fraud-class-action-lawsuit-filed-against-raytheon-technologies-corporation-f-k-a-raytheon-company\/","og_locale":"en_US","og_type":"article","og_title":"DEADLINE REMINDER: Kessler Topaz Meltzer &amp; Check, LLP Announces Deadline in Securities Fraud Class Action Lawsuit Filed Against Raytheon Technologies Corporation f\/k\/a Raytheon Company - Market Newsdesk","og_description":"PR Newswire RADNOR, Pa., Nov. 16, 2020 \/PRNewswire\/ &#8212;\u00a0The law firm of Kessler Topaz Meltzer &amp; Check, LLP alerts investors that a securities fraud class action lawsuit has been filed against Raytheon Technologies Corporation f\/k\/a Raytheon Company (NYSE: \u00a0RTX, RTN) (&#8220;Raytheon&#8221;) on behalf of those who purchased or otherwise acquired Raytheon securities between February 10, 2016 and October 27, 2020, inclusive (the &#8220;Class Period&#8221;). Investors who purchased or otherwise acquired Raytheon securities during the Class Period may, no later than December 29, 2020, seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this litigation please click https:\/\/www.ktmc.com\/new-cases\/raytheon-technologies-corporation?utm_source=PR&amp;utm_medium=link&amp;utm_campaign=raytheon . According to the complaint, Raytheon is an aerospace and &hellip; Continue reading \"DEADLINE REMINDER: Kessler Topaz Meltzer &amp; Check, LLP Announces Deadline in Securities Fraud Class Action Lawsuit Filed Against Raytheon Technologies Corporation f\/k\/a Raytheon Company\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-reminder-kessler-topaz-meltzer-check-llp-announces-deadline-in-securities-fraud-class-action-lawsuit-filed-against-raytheon-technologies-corporation-f-k-a-raytheon-company\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-16T21:49:28+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/277422\/ktmc_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-reminder-kessler-topaz-meltzer-check-llp-announces-deadline-in-securities-fraud-class-action-lawsuit-filed-against-raytheon-technologies-corporation-f-k-a-raytheon-company\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-reminder-kessler-topaz-meltzer-check-llp-announces-deadline-in-securities-fraud-class-action-lawsuit-filed-against-raytheon-technologies-corporation-f-k-a-raytheon-company\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"DEADLINE REMINDER: Kessler Topaz Meltzer &amp; 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