FORD SHAREHOLDERS: Zamansky LLC Investigates Ford Motor Company (F) for Potential Breach of Fiduciary Duty
July 11 2019 - 4:33PM
Business Wire
Zamansky LLC announces that it is investigating the officers and
directors of Ford Motor Company (NYSE: F) (“Ford” or the “Company”)
for potential breaches of fiduciary duty to the Company.
Specifically, the investigation relates to Ford’s potential
multi-billion dollar exposure for defective dual-clutch
transmissions of 2012-2016 Focus and 2011-16 Fiesta sedans.
According to a consumer class action, there are 1.9 million
customers who are affected.
According to Jake Zamansky, an investment fraud attorney, Ford’s
officers and directors owe the Company a fiduciary duty. The
Company issued more than 20 technical service bulletins relating to
the Focus and Fiesta models, with none of them being a
“consistently reliable repair,” reported Carscoops in 2017.
According to a recent Detroit Free Press article, Ford acknowledged
that it was “overwhelmed with complaints,” and that it “let its
customers down.” Our investigation is whether Ford officers and
directors breached their fiduciary duties to the Company in the way
they handled and reported on this problem, Zamansky states.
What Ford Shareholders Can Do
If you are a current Ford shareholder who has invested and held
shares since 2010, please contact us to review or discuss your
legal rights. You may, without obligation or cost to you, email
jake@zamansky.com or call the law firm at (212)
742-1414.
About Zamansky LLC
Zamansky LLC is a leading investment fraud law firm with
experience handling securities, hedge fund, ERISA and other
shareholder class action and derivative litigation. We are
investment fraud attorneys who represent both individual and
institutional investors. Our practice is nationally recognized for
our ability to aggressively prosecute cases and recover investment
losses.
To learn more about Zamansky LLC, please visit our website,
http://www.zamansky.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190711005782/en/
Zamansky LLC Jake Zamansky, 212-742-1414 jake@zamansky.com
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