San Diego, CA -- (SBWIRE) -- 06/01/2017 -- Investors who purchased shares of United Technologies Corporation (NYSE:UTX) should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The plaintiff alleges on behalf of purchasers of United Technologies Corporation (NYSE:UTX) common shares between April 21, 2015 and July 20, 2015, that the defendants violated Federal Securities Laws by issuing and reaffirming unfounded and inflated earnings guidance, primarily based on the planning assumptions in two of the Company's key business units: UTC Aerospace Systems ("UTAS") and Otis Elevator Co. ("Otis").. More specifically, the plaintiff claims that between April 21, 2015 and July 20, 2015, defendants' representations between April 21, 2015 and July 20, 2015 were allegedlt materially false and misleading because Defendants failed to disclose or indicate that United Technologies' earnings forecast relied on planning assumptions for the UTAS and Otis units that were not fully scrutinized and were far too aggressive.

On July 21, 2015, United Technologies Corporation cut its 2015 earnings guidance on the basis of weak performance by the UTAS and Otis units. Shares of United Technologies Corporation (NYSE:UTX) declined from $118.62 per share in May 2015 to as low as $87.30 per share in September 2015.

On May 31, 2017, NYSE:UTX shares closed at $121.28 per share.

Those who purchased shares of United Technologies Corporation (NYSE:UTX) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com