Cummins $1.675 Billion Penalty For Violating Clean Air Act Subject of Breach of Fiduciary Duties Investigation – Cummins Investors Encouraged to Contact Kehoe Law Firm, P.C. 

Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Cummins Inc. (“Cummins” or the “Company”) (NYSE: CMI) failed to manage Cummins in an acceptable manner, in breach of their fiduciary duties to Cummins, and whether the Company and its shareholders suffered damages as a result.

INVESTORS OF CUMMINS STOCK ARE ENCOURAGED TO CLICK HERE OR EMAIL [email protected] TO CONTACT KEHOE LAW FIRM, P.C. TO DISCUSS THE INVESTIGATION AND POTENTIAL LEGAL CLAIMS.

On December 22, 2023, the United States Department of Justice issued a press release stating, among other things that “[e]ngine manufacturer Cummins Inc. . . . disclosed that it has reached an agreement in principle with the United States and State of California to pay a $1.675 billion penalty to settle claims that it violated the Clean Air Act by installing emissions defeat devices on hundreds of thousands of engines.”

According to the Department of Justice, Cummins “. . . allegedly installed defeat devices on 630,000 model year 2013 to 2019 RAM 2500 and 3500 pickup truck engines. The company also allegedly installed undisclosed auxiliary emission control devices on 330,000 model year 2019 to 2023 RAM 2500 and 3500 pickup truck engines.”

CUMMINS SHAREHOLDERS ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE CUMMINS BREACH OF FIDUCIARY DUTIES INVESTIGATION AND POTENTIAL LEGAL CLAIMS.

Applied Materials Investors Encouraged to Contact Kehoe Law Firm, P.C. 

Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Applied Materials, Inc. (“Applied Materials”) (NASDAQ: AMAT) failed to manage Applied Materials in an acceptable manner, in breach of their fiduciary duties to Applied Materials, and whether Applied Materials and its shareholders have suffered damages as a result.

On November 16, 2023, Reuters reported that Applied Materials was “. . . under U.S. criminal investigation for potentially evading export restrictions on China’s top chipmaker SMIC, according to three people familiar with the matter.”

INVESTORS OF APPLIED MATERIALS STOCK ARE ENCOURAGED TO CLICK HERE OR EMAIL [email protected] TO CONTACT KEHOE LAW FIRM, P.C. TO DISCUSS THE BREACH OF FIDUCIARY DUTIES INVESTIGATION AND POTENTIAL LEGAL CLAIMS.

According to Reuters, “[t]he largest U.S. semiconductor equipment maker is being probed by the Justice Department for sending equipment to SMIC via South Korea without export licenses, the sources said. Hundreds of millions of dollars of equipment is involved, one of the people said.”

Reuters also reported that “Santa Clara, California-based Applied Materials said . . . it first disclosed in October 2022 that it had received a subpoena from the U.S. Attorney’s Office in Massachusetts for information on certain China customer shipments.”

SHAREHOLDERS OF APPLIED MATERIALS ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE APPLIED MATERIALS INVESTIGATION.