press release

Dec. 3, 2021, 9:00 p.m. EST

RAYTHEON ALERT: Bragar Eagel & Squire, P.C. Is Investigating Raytheon Technologies Corporation on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

NEW YORK, (BUSINESS WIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Raytheon Technologies Corporation /zigman2/quotes/203237915/composite RTX -1.71% on behalf of long-term stockholders following a class action complaint that was filed against Raytheon on October 30, 2020. Our investigation concerns whether the board of directors of Raytheon have breached their fiduciary duties to the company.

The complaint alleges that throughout the Class Period 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's Missiles & 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 U.S. Department of Justice (“DOJ”); and (6) as a result, defendants' public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

If you are a long-term stockholder of Raytheon, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Alexandra B. Raymond by email at investigations@bespc.com , or telephone at (212) 355-4648, or by filling out this contact form . There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com . Attorney advertising. Prior results do not guarantee similar outcomes.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211203005613/en/

SOURCE: Bragar Eagel & Squire, P.C.

Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Alexandra B. Raymond, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com

COMTEX_398262569/2456/2021-12-03T21:00:05

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Copyright Business Wire 2021

/zigman2/quotes/203237915/composite
US : U.S.: NYSE
$ 90.75
-1.58 -1.71%
Volume: 6.01M
Jan. 18, 2022 4:00p
P/E Ratio
41.38
Dividend Yield
2.25%
Market Cap
$138.20 billion
Rev. per Employee
$352,077
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