{"id":403249,"date":"2020-12-19T15:30:36","date_gmt":"2020-12-19T20:30:36","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=403249"},"modified":"2020-12-19T15:30:36","modified_gmt":"2020-12-19T20:30:36","slug":"shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-raytheon-technologies-corporation-f-k-a-raytheon-company-of-class-action-lawsuit-and-upcoming-deadline","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-raytheon-technologies-corporation-f-k-a-raytheon-company-of-class-action-lawsuit-and-upcoming-deadline\/","title":{"rendered":"SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Raytheon Technologies Corporation f\/k\/a Raytheon Company of Class Action Lawsuit and Upcoming Deadline\u00a0 \u2013 RTX"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, Dec.  19, 2020  (GLOBE NEWSWIRE) &#8212; Pomerantz LLP announces that a class action lawsuit has been filed against Raytheon Technologies Corporation f\/k\/a Raytheon Company (\u201cRaytheon\u201d or the \u201cCompany\u201d) (NYSE: RTX) and certain of its officers.\u00a0\u00a0 The class action, filed in United States District Court for the District of Arizona, and docketed under 20-cv-00543, is on behalf of a class consisting of all persons other than Defendants who purchased or otherwise, acquired Raytheon securities between February 10, 2016 and October 27, 2020, inclusive (the \u201cClass Period\u201d). Plaintiff seeks to recover compensable damages caused by Defendants\u2019 violations of the federal securities laws under the Securities Exchange Act of 1934 (the \u201cExchange Act\u201d).<\/p>\n<p align=\"justify\">If you are a shareholder who purchased Raytheon securities during the Class Period, you have until December 29, 2020, to ask the Court to appoint you as Lead Plaintiff for the class.\u00a0 A copy of the Complaint can be obtained at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=7QiWwgy-GVi8iUmqlbknPmT5HM5VyAlmxxdYCtIWZDI2mLrPOvuirBJnNYbvsNXtzom8z2gPmHS1upi6wvYfrvQPU-sZ0QEeoPjK1zBFR9o=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.pomerantzlaw.com<\/u><\/a>. \u00a0 To discuss this action, contact Robert S. Willoughby at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=vpVw0g138sEKGyQqsIsnFtRZaOKp0yyXDQSPar37fD6562at-dTnq8p4u7UYmuw6E2PAlr56h4BIh9fC0-ejKaW7bBldArrOtNFdD5ybWeU=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>newaction@pomlaw.com<\/u><\/a> or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.\u00a0<\/p>\n<p align=\"center\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=cqxLlABxqzXjI56rOtxXFfZaZEZirmudR_ExLuyW5_U71HeU1i0cdEX0uVKAh-xsmqYez9UpRUbkg-S8bk6XU1Ak7wTqreaZnZB3-UJp6XWTdf5SWPazruG_qL6lk3eh_zkQRmA28ueMiooUE16jYk03qHhcdrzCrA1N-34raaw=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <strong><br \/>\n            <u>[Click here for information about joining the class action]<\/u><br \/>\n          <\/strong><br \/>\n        <\/a>\n      <\/p>\n<p align=\"justify\">Raytheon purports to be an aerospace and defense company providing advanced systems and services for commercial, military, and government customers worldwide.<\/p>\n<p align=\"justify\">The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company\u2019s business, operational, and compliance policies. Specifically, Defendants made false and\/or misleading statements and\/or failed to disclose that: (i) Raytheon had inadequate disclosure controls and procedures and internal control over financial reporting; (ii) Raytheon had faulty financial accounting; (iii) as a result, Raytheon misreported its costs regarding Raytheon Company\u2019s Missiles &amp; Defense business since 2009; (iv) as a result of the foregoing, Raytheon was at risk of increased scrutiny from the government; (v) as a result of the foregoing, Raytheon would face a criminal investigation by the U.S. Department of Justice (\u201cDOJ\u201d); and (vi) as a result, Defendants\u2019 public statements were materially false and\/or misleading at all relevant times.<\/p>\n<p align=\"justify\">On October 27, 2020, during after-market hours, Raytheon filed its quarterly report on Form 10-Q with the US Securities and Exchange Commission for the quarter ended September 30, 2020 (the \u201c3Q20 10-Q\u201d). The 3Q20 10-Q announced an investigation by the DOJ into the Company.<\/p>\n<p align=\"justify\">\n        <em>[O]n October 8, 2020, the Company received a criminal subpoena from the DOJ<\/em><br \/>\n        <em>seeking information and documents in connection with<\/em><br \/>\n        <em>an investigation relating to financial accounting, internal controls over financial reporting, and cost reporting regarding Raytheon Company\u2019s Missiles &amp; Defense business since 2009.<\/em>\n      <\/p>\n<p align=\"justify\">On this news, the price of Raytheon shares fell $4.19 per share, or approximately 7%, to close at $52.34 per share on October 28, 2020, on unusually heavy trading volume, damaging investors.<\/p>\n<p align=\"justify\">The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=7QiWwgy-GVi8iUmqlbknPvCKMVkLvgEh26mRW46JhTj102tyqCwkH7KJMMFrxq11WIIfIkaSGLD7K6rnA59vLolpiQxBwN-Kt5l1khDB2GQ=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.pomerantzlaw.com<\/u><\/a>.<\/p>\n<p align=\"justify\">\n        <strong>CONTACT:<br \/><\/strong>Robert S. Willoughby<br \/>Pomerantz LLP<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=jXAu3gA7Y8iRJC_pGpzCRlQ8UxbRgTn58z_T9nyvbvKW6moX1k1MRz5ZJGus-ScnEcKMQ6U4sJU2myHQyGKwWPJjr2PyyH4iODTvqm7XFqU=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>rswilloughby@pomlaw.com<\/u><\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=t_hp4LI8Whu90rBfan62NzJXSiVVOn30UkiGWu4gNZowoQTyuCsSpTlr_eYOYgVG6M8JHx4sgdsNhuVBV3pGeQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/><\/a>888-476-6529 ext. 7980<\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNTI1NSMzODg5ODg1IzIwMTc2NDQ=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/f81352ad-4d50-4116-893a-b797103d275e\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Dec. 19, 2020 (GLOBE NEWSWIRE) &#8212; Pomerantz LLP announces that a class action lawsuit has been filed against Raytheon Technologies Corporation f\/k\/a Raytheon Company (\u201cRaytheon\u201d or the \u201cCompany\u201d) (NYSE: RTX) and certain of its officers.\u00a0\u00a0 The class action, filed in United States District Court for the District of Arizona, and docketed under 20-cv-00543, is on behalf of a class consisting of all persons other than Defendants who purchased or otherwise, acquired Raytheon securities between February 10, 2016 and October 27, 2020, inclusive (the \u201cClass Period\u201d). Plaintiff seeks to recover compensable damages caused by Defendants\u2019 violations of the federal securities laws under the Securities Exchange Act of 1934 (the \u201cExchange Act\u201d). If you are a shareholder who purchased Raytheon &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-raytheon-technologies-corporation-f-k-a-raytheon-company-of-class-action-lawsuit-and-upcoming-deadline\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Raytheon Technologies Corporation f\/k\/a Raytheon Company of Class Action Lawsuit and Upcoming Deadline\u00a0 \u2013 RTX&#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-403249","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Raytheon Technologies Corporation f\/k\/a Raytheon Company of Class Action Lawsuit and Upcoming Deadline\u00a0 \u2013 RTX - 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\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-raytheon-technologies-corporation-f-k-a-raytheon-company-of-class-action-lawsuit-and-upcoming-deadline\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Raytheon Technologies Corporation f\/k\/a Raytheon Company of Class Action Lawsuit and Upcoming Deadline\u00a0 \u2013 RTX - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Dec. 19, 2020 (GLOBE NEWSWIRE) &#8212; Pomerantz LLP announces that a class action lawsuit has been filed against Raytheon Technologies Corporation f\/k\/a Raytheon Company (\u201cRaytheon\u201d or the \u201cCompany\u201d) (NYSE: RTX) and certain of its officers.\u00a0\u00a0 The class action, filed in United States District Court for the District of Arizona, and docketed under 20-cv-00543, is on behalf of a class consisting of all persons other than Defendants who purchased or otherwise, acquired Raytheon securities between February 10, 2016 and October 27, 2020, inclusive (the \u201cClass Period\u201d). Plaintiff seeks to recover compensable damages caused by Defendants\u2019 violations of the federal securities laws under the Securities Exchange Act of 1934 (the \u201cExchange Act\u201d). If you are a shareholder who purchased Raytheon &hellip; Continue reading &quot;SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Raytheon Technologies Corporation f\/k\/a Raytheon Company of Class Action Lawsuit and Upcoming Deadline\u00a0 \u2013 RTX&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-raytheon-technologies-corporation-f-k-a-raytheon-company-of-class-action-lawsuit-and-upcoming-deadline\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-19T20:30:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNTI1NSMzODg5ODg1IzIwMTc2NDQ=\" \/>\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=\"3 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\\\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-raytheon-technologies-corporation-f-k-a-raytheon-company-of-class-action-lawsuit-and-upcoming-deadline\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-raytheon-technologies-corporation-f-k-a-raytheon-company-of-class-action-lawsuit-and-upcoming-deadline\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Raytheon Technologies Corporation f\\\/k\\\/a Raytheon Company of Class Action Lawsuit and Upcoming Deadline\u00a0 \u2013 RTX\",\"datePublished\":\"2020-12-19T20:30:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-raytheon-technologies-corporation-f-k-a-raytheon-company-of-class-action-lawsuit-and-upcoming-deadline\\\/\"},\"wordCount\":601,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-raytheon-technologies-corporation-f-k-a-raytheon-company-of-class-action-lawsuit-and-upcoming-deadline\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODExNTI1NSMzODg5ODg1IzIwMTc2NDQ=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-raytheon-technologies-corporation-f-k-a-raytheon-company-of-class-action-lawsuit-and-upcoming-deadline\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-raytheon-technologies-corporation-f-k-a-raytheon-company-of-class-action-lawsuit-and-upcoming-deadline\\\/\",\"name\":\"SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Raytheon Technologies Corporation f\\\/k\\\/a Raytheon Company of Class Action Lawsuit and Upcoming Deadline\u00a0 \u2013 RTX - 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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\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-raytheon-technologies-corporation-f-k-a-raytheon-company-of-class-action-lawsuit-and-upcoming-deadline\/","og_locale":"en_US","og_type":"article","og_title":"SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Raytheon Technologies Corporation f\/k\/a Raytheon Company of Class Action Lawsuit and Upcoming Deadline\u00a0 \u2013 RTX - Market Newsdesk","og_description":"NEW YORK, Dec. 19, 2020 (GLOBE NEWSWIRE) &#8212; Pomerantz LLP announces that a class action lawsuit has been filed against Raytheon Technologies Corporation f\/k\/a Raytheon Company (\u201cRaytheon\u201d or the \u201cCompany\u201d) (NYSE: RTX) and certain of its officers.\u00a0\u00a0 The class action, filed in United States District Court for the District of Arizona, and docketed under 20-cv-00543, is on behalf of a class consisting of all persons other than Defendants who purchased or otherwise, acquired Raytheon securities between February 10, 2016 and October 27, 2020, inclusive (the \u201cClass Period\u201d). Plaintiff seeks to recover compensable damages caused by Defendants\u2019 violations of the federal securities laws under the Securities Exchange Act of 1934 (the \u201cExchange Act\u201d). If you are a shareholder who purchased Raytheon &hellip; Continue reading \"SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Raytheon Technologies Corporation f\/k\/a Raytheon Company of Class Action Lawsuit and Upcoming Deadline\u00a0 \u2013 RTX\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-raytheon-technologies-corporation-f-k-a-raytheon-company-of-class-action-lawsuit-and-upcoming-deadline\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-19T20:30:36+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNTI1NSMzODg5ODg1IzIwMTc2NDQ=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-raytheon-technologies-corporation-f-k-a-raytheon-company-of-class-action-lawsuit-and-upcoming-deadline\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-raytheon-technologies-corporation-f-k-a-raytheon-company-of-class-action-lawsuit-and-upcoming-deadline\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Raytheon Technologies Corporation f\/k\/a Raytheon Company of Class Action Lawsuit and Upcoming Deadline\u00a0 \u2013 RTX","datePublished":"2020-12-19T20:30:36+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-raytheon-technologies-corporation-f-k-a-raytheon-company-of-class-action-lawsuit-and-upcoming-deadline\/"},"wordCount":601,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-raytheon-technologies-corporation-f-k-a-raytheon-company-of-class-action-lawsuit-and-upcoming-deadline\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNTI1NSMzODg5ODg1IzIwMTc2NDQ=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-raytheon-technologies-corporation-f-k-a-raytheon-company-of-class-action-lawsuit-and-upcoming-deadline\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-raytheon-technologies-corporation-f-k-a-raytheon-company-of-class-action-lawsuit-and-upcoming-deadline\/","name":"SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Raytheon Technologies Corporation f\/k\/a Raytheon Company of Class Action Lawsuit and Upcoming Deadline\u00a0 \u2013 RTX - 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