September 12, 2020

BORG WARNER INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates the Officers and Directors of BorgWarner Inc. – BWA

NEW ORLEANS, Sept. 11, 2020 /PRNewswire/ — Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the…

NEW ORLEANS, Sept. 11, 2020 /PRNewswire/ — Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into BorgWarner Inc. (NYSE: BWA).  

On August 26, 2020, the U.S. Securities and Exchange Commission announced that the Company had agreed to a $950,000 fine to resolve charges that, from 2012 to 2016, it failed to estimate more than $700 million in liabilities associated with future asbestos claims.

KSF’s investigation is focusing on whether BorgWarner’s officers and/or directors breached their fiduciary duties to BorgWarner’s shareholders or otherwise violated state or federal laws. 

If you have information that would assist KSF in its investigation, or have been a long-term holder of BorgWarner shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nyse-bwa/  to learn more.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC

Lewis Kahn, Managing Partner

lewis.kahn@ksfcounsel.com

1-877-515-1850

1100 Poydras St., Suite 3200

New Orleans, LA 70163

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/borg-warner-investigation-initiated-by-former-louisiana-attorney-general–kahn-swick–foti-llc-investigates-the-officers-and-directors-of-borgwarner-inc—bwa-301128625.html

SOURCE Kahn Swick & Foti, LLC