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SHAREHOLDER NOTICE: Scott+Scott Attorneys at Law LLP Investigating Raytheon Technologies Corporation’s Directors and Officers for Breach of Fiduciary Duties – RTX

GlobeNewswire

NEW YORK, June 10, 2020 (GLOBE NEWSWIRE) -- Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating certain directors and officers of Raytheon Technologies Corporation (“Raytheon”) (RTX) for breaching their fiduciary duties to Raytheon and its shareholders. If you are a Raytheon shareholder, you may contact attorney Joe Pettigrew for additional information toll-free at 844-818-6982 or jpettigrew@scott-scott.com.

Scott+Scott is investigating whether Raytheon’s board of directors (the “Board”) or senior management failed to manage Raytheon in an acceptable manner, in breach of their fiduciary duties to Raytheon, and whether Raytheon has suffered damages as a result. Specifically, Scott+Scott is investigating whether the Board allowed Raytheon to dramatically and unilaterally increase the value of equity awards to Board members and the upper echelon of Raytheon management, at a time when Raytheon was making billions of dollars in operational cuts due, in part, to the COVID-19 pandemic.

On May 29, 2020, Raytheon announced in a Form 8-K filed with the U.S. Securities and Exchange Commission that it had unilaterally, and without prior notice, changed the terms of stock awards for Board members and a group of Raytheon managers, instantly increasing the value of the unvested awards by more than $100 million.

What You Can Do

If you are a Raytheon shareholder, you may have legal claims against Raytheon’s directors and officers. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Joe Pettigrew toll-free at 844-818-6982 or jpettigrew@scott-scott.com.

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About Scott+Scott

Scott+Scott has significant experience in prosecuting major securities, antitrust, and consumer rights actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, California, Virginia, and Ohio.

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CONTACT:
Joe Pettigrew
Scott+Scott Attorneys at Law LLP
230 Park Avenue, 17th Floor, New York, NY 10169
844-818-6982
jpettigrew@scott-scott.com