The law firm said its review follows Carrier's Q2 results, which showed year-over-year declines in earnings per share and operating margin that were followed by a sharp share-price drop.
Schall, Brown & Schwartz LLP said it is investigating Carrier Global Corporation for potential securities law violations tied to whether the company made false or misleading statements or failed to disclose information material to investors. The firm said the review was prompted after Carrier's Q2 financial results showed a decline in earnings per share from the prior-year period and a year-over-year drop in operating margin, after which the company's shares fell sharply. The release invites shareholders who suffered losses to contact the firm to discuss their rights.