RTX NEWS: The Klein Law Firm Initiates an Investigation Involving Possible Securities Fraud Violations by Officers of RTX Corporation
NEW YORK, July 28, 2023 (GLOBE NEWSWIRE) -- The Klein Law Firm announces that it is investigating allegations that RTX Corporation ("RTX") (NYSE: RTX) violated federal securities laws.
CURRENT INVESTIGATION DETAILS: On July 25, 2023, the Company reported its Q2 earnings which disclosed a “condition” in its Pratt & Whitney jet engine unit. The Company stated, “Pratt & Whitney has determined that a rare condition in powdered metal used to manufacture certain engine parts will require accelerated fleet inspection.” The Company expects a significant portion of the PW1100G-JM engine fleet will require accelerated removals and inspection within the next nine to twelve months. On this news, RTX stock price fell sharply from $97.01 per share on July 24, 2023 to $86.87 on July 25, 2023.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the potential claims on behalf of RTX investors, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/rtx-lawsuit-loss-submission-form?id=42706&from=3.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
535 Fifth Avenue
4th Floor
New York City, NY 10017
jk@kleinstocklaw.com
Telephone: (212) 616-4899
www.kleinstocklaw.com
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