LEXINGTON, KY / ACCESSWIRE / September 23, 2016 / The law firm of Mehr, Fairbanks & Peterson Trial Lawyers, PLLC reminds Fiat Chrysler Automobiles N.V. (NYSE: FCAU) ("FCA" or the "Company") shareholders that they have until Tuesday, September 27, 2016 to petition the Court to be appointed as a lead plaintiff in the class action lawsuit filed on behalf of purchasers of the Company's securities between October 29, 2014 and July 18, 2016, inclusive (the "Class Period"). The action was filed in the U.S. District Court for the Eastern District of Michigan and is captioned Samaras v. Fiat Chrysler Automobiles N.V., et al., No. 2:16-cv-12803-LVP-SDD.

FCA shareholders who wish to discuss this action and their legal options are encouraged to contact Mehr, Fairbanks & Peterson Trial Lawyers, PLLC (Erik D. Peterson, Esq.) at (800) 249-3731 or via e-mail at contact@austinmehr.com. For additional information, please visit www.mehrfairbanks.com/fiat .

FCA is an international automotive group engaged in designing, engineering, manufacturing, distributing, and selling vehicles, components, and production systems. The Company's vehicles are produced for the mass market under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brands and the SRT performance vehicle designation. The Company sells vehicles in the United States through its U.S. subsidiary, FCA US LLC ("FCA US").

The complaint alleges that throughout the Class Period the defendants made false and misleading statements and failed to disclose material adverse facts about the Company's business and operations to investors. Specifically, the defendants misrepresented the Company's growth by purposefully inflating FCA's vehicle sales numbers and falsely touting the Company's streak of U.S. monthly vehicle sales growth (on a year-over-year basis).

As detailed in the complaint, the truth about FCA's business practices began to surface on January 12, 2016, when an FCA-affiliated dealer filed a lawsuit accusing FCA US of paying dealers to improperly inflate vehicle sales numbers by reporting unsold vehicles as sold and then reversing those fictional sales during the following month. After news outlets reported the lawsuit, the price of the Company's common shares declined $0.66 per share, or more than 8%, from a closing price of $8.19 per share on January 12, 2016 to close at $7.53 per share on January 14, 2016.

On July 18, 2016, several news outlets reported that the Department of Justice ("DOJ") and the Securities and Exchange Commission ("SEC") were investigating the Company's sales practices. On that same day, FCA issued a press release confirming that it was cooperating with an SEC investigation into FCA's reporting of vehicle sales to "end customers" in the U.S., and that the DOJ was also investigating. Following this news, the price of the Company's common shares declined $0.19 per share, or nearly 3%, from a closing price of $6.75 per share on July 15, 2016 to close at $6.56 per share on July 19, 2016.

Finally, on July 26, 2016, the Company announced that it had revised the way it reports monthly U.S. vehicle sales - revealing that its much publicized 75-month streak of U.S. monthly vehicle sales growth (on a year-over-year basis) actually ended at 40 months in September 2013.

FCA shareholders may, no later than September 27, 2016, petition the Court to be appointed as a lead plaintiff representative of the class through Mehr, Fairbanks & Peterson Trial Lawyers, PLLC or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. In order to be appointed as a lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class in the action. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.

For more information about Mehr, Fairbanks & Peterson Trial Lawyers, PLLC, or for additional information about participating in this action, please visit www.mehrfairbanks.com. This is an advertisement.

CONTACT:

Mehr, Fairbanks & Peterson Trial Lawyers, PLLC
Erik D. Peterson, Esq.
201 W. Short Street, STE 800
Lexington, KY 40502
1-800-249-3731 (toll free)
contact@austinmehr.com

SOURCE: Mehr, Fairbanks & Peterson Trial Lawyers, PLLC