The Bank of Nova Scotia after-hours up 1.27% following shareholder lawsuit over CAE's alleged misrepresentation of business operations.
AinvestWednesday, Jul 17, 2024 6:58 pm ET
1min readThe Bank of Nova Scotia experienced a 1.27% increase in after-hours trading, following the announcement of a class action lawsuit by Rosen Law Firm on behalf of CAE Inc. (NYSE: CAE) shareholders. The lawsuit alleges that CAE misled investors regarding its business operations during the specified period. This legal development appears to have had a negative impact on the bank's stock, as the news is not directly related to The Bank of Nova Scotia's operations or financial performance. Shareholders of CAE may be the primary focus of the lawsuit, which could lead to increased scrutiny on the company and potentially affect its investors' sentiment.
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