May 26, 2023
An Arizona federal judge tossed a proposed class action accusing Raytheon of misleading shareholders about its accounting and financing controls, saying the shareholders failed to connect a federal criminal subpoena into the defense company to any of its alleged misconduct.
March 23, 2022
Raytheon Technologies Corp. has asked an Arizona federal judge to throw out a proposed class action against it, saying an October 2020 drop in its stock price resulted from the COVID-19 pandemic and not a criminal probe by the U.S. Department of Justice, as investors claim.
November 02, 2020
Raytheon has been hit with a proposed class action accusing it of misleading shareholders about the accounting and financial reporting practices of its missiles and defense business, after the company recently revealed it was the subject of a criminal probe by the U.S. Department of Justice.