INVESTOR ALERT: Class Action Lawsuit Against General Motors Company Announced by Law Offices of Howard G. Smith
April 22 2014 - 10:32AM
Business Wire
Law Offices of Howard G. Smith announces that a class action
lawsuit has been filed in the United States District Court for the
Eastern District of Michigan on behalf of all purchasers of the
securities of General Motors Company (“GM” or the “Company”)
(NYSE:GM) between November 17, 2010 and March 21, 2014, inclusive
(the “Class Period”).
GM designs, manufactures and markets cars, crossovers, trucks
and automobile parts worldwide, primarily under the Buick,
Cadillac, Chevrolet, GMC, Opel, Holden and Vauxhall brand names.
The Complaint alleges that during the Class Period defendants made
false and/or misleading statements or failed to disclose that the
Company was in breach of applicable industry and government
regulations and policies concerning passenger and automotive
safety, that more than three million GM cars contained serious
safety defects, and that although the Company knew of the potential
harm to drivers and passengers as early as 2001, the Company
refused to recall the vehicles for a quick and inexpensive fix to
their ignition switches.
On February 7, 2014, GM notified the National Highway Traffic
Safety Administration of the Company’s decision to recall 2005-2007
Chevrolet Cobalt and 2007 Pontiac G5 vehicles due to defects in the
manufacturing of their key ignition switches, and later expanded
the recall to include more than 1.6 million vehicles in the
2003-2007 Saturn Ion, 2006-2007 Chevrolet HHR and Pontiac Solstice,
and 2007 Saturn Sky models.
If you are a member of the Class described above, you have until
May 20, 2014, to move the Court to serve as lead plaintiff, if you
meet certain legal requirements. To be a member of the Class you
need not take any action at this time; you may retain counsel of
your choice or take no action and remain an absent member of the
Class. If you wish to learn more about this action, please contact
Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070
Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone
at (215) 638-4847, Toll Free at (888) 638-4847, or by email to
howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
Law Offices of Howard G. SmithHoward G. Smith, Esquire(215)
638-4847(888)
638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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