NEW
YORK, March 31, 2023 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Honda Motor Co., Ltd. (NYSE:
HMC).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/honda-motor-co-ltd-loss-submission-form/?id=37897&from=4
This lawsuit is on behalf of a class consisting of persons and
entities that purchased or otherwise acquired Honda American
Depository Shares between June 20,
2018 and September 28, 2022,
both dates inclusive.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
April 3, 2023 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, Honda Motor Co., Ltd. issued
materially false and/or misleading statements and/or failed to
disclose that: (i) Honda had overstated the safety and
effectiveness of the Idle Stop engine feature; (ii) Honda
maintained deficient disclosure controls and procedures with
respect to product quality and safety; (iii) as a result of the
foregoing deficiencies, Honda failed to prevent American Honda from
marketing and selling thousands of vehicles that contained a
defective Idle Stop feature; (iv) the foregoing conduct subjected
the Company and/or its subsidiaries to a heightened risk of
litigation, as well as financial and/or reputational harm; and (v)
as a result, the Company's public statements were materially false
and misleading at all relevant times.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887
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SOURCE Jakubowitz Law