INVESTOR ALERT: Lundin Law PC Announces Securities Class Action Lawsuit Against General Cable Corporation and Encourages Investors with Losses to Contact the Firm

LOS ANGELES--()--Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against General Cable Corporation (“General Cable” or the “Company”) (NYSE: BGC). Investors, who purchased or otherwise acquired shares between February 23, 2012 and February 10, 2016 inclusive (the “Class Period”), are encouraged to contact the Firm prior to the March 6, 2017 lead plaintiff motion deadline.

“[b]etween 2002 and 2013, General Cable subsidiaries paid approximately $13 million to third-party agents and distributors, a portion of which was used to make unlawful payments to obtain business, ultimately netting the company approximately $51 million in profits.”

To participate in this class action lawsuit, please click here, or call Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

General Cable revealed that it may have incurred more than $33 million in profits through transactions violating the FCPA, an amount that would have to be disgorged, with interest. The U.S. Department of Justice stated: “[b]etween 2002 and 2013, General Cable subsidiaries paid approximately $13 million to third-party agents and distributors, a portion of which was used to make unlawful payments to obtain business, ultimately netting the company approximately $51 million in profits.” When this information was released to the public, the value of General Cable stock fell sharply, causing investors harm.

Lundin Law PC was established by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlawpc.com

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