Fiat Chrysler Automobiles N.V. Securities Litigation: Jung Kyoon Kong, et al. v. Fiat Chrysler Automobiles N.V., et al. Case Summary: CLASS ACTION COMPLAINT about VIOLATIONS OF THE FEDERAL SECURITIES LAWS According to the Complaint, Fiat Chrysler Automobiles N.V., with its subsidiaries, designs, engineers, manufactures, distributes, and sells vehicles, components, and production systems. 

The Complaint alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: 

(1) Fiat employed a bribery scheme to obtain favorable terms in its collective bargaining agreement with International Union, United Automobile, Aerospace and Agricultural Implement Workers of America; 

(2) high-ranking Fiat officials were aware of and authorized the scheme; and 

(3) due to the foregoing Defendants’ statements about Fiat’s receivables, business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. Plaintiff, on behalf of himself and the Class, prays for judgment and relief as follows: 

(a) declaring this action to be a proper class action, designating the plaintiff as Lead Plaintiff, and certifying the plaintiff as a class representative under Rule 23 of the Federal Rules of Civil Procedure, and designating the plaintiff’s counsel as Lead Counsel; 

(b) awarding damages in favor of the plaintiff and the other Class members against all defendants, jointly and severally, together with interest thereon; awarding the plaintiff and the Class reasonable costs and expenses incurred in this action, including counsel fees and expert fees; and 

(C) awarding plaintiff and other members of the Class such other and further relief as the Court may deem just and proper. Plaintiff hereby demands a trial by jury. 

Instructions and Questions 

(Identify your answers using the numbers and letters of the questions): Parties to the case: Who is pleading the case? Who is answering the case? What category of Law does this case fall under (explain), i.e.: Public Law or private Law, or both? Civil case or criminal case or both? 

Resolving/Settling the case: 

What other options do the parties have for settling this case, apart from the court? Would you recommend those other options to the parties? Why or why not? State the burden of proof in this case: What does/do the plaintiffs have to prove and to what level? What do/do the defendants have to prove and to what level? You have been engaged as a forensic accountant for the plaintiffs. What standards or rules do you have to meet to ensure that you and your opinions are admissible during the case trial?

Answer rating: 100% (QA)

ANSWER 1 The parties to the case are the plaintiffs Jung Kyoon Kong et al and the defendants Fiat Ch... View the full answer