Publicly available records indicate that a class action lawsuit has been filed on behalf of investors in General Motors (NYSE:GM) in connection to alleged violations of securities laws by GM. Fitapelli Kurta is interested in hearing from investors who have complaints regarding investments made in General Motors between February 27, 2012 and May 25, 2017.
The class action complaint specifically alleges that during the period in question, GM might have provided false and/or misleading material information, and/or failed to disclose adverse material information to the public, namely: that GM installed three separate devices in more than 700,000 Duramax diesel-engine trucks so as to pass US emissions tests; that consequently the vehicles in question emit nitrogen oxide pollutants reaching as much as 500% the legal limit; and that thus the Company’s statements to the public were false and misleading during the relevant period.
According to the company’s website, General Motors is “a global automotive company united by a single purpose: to earn customers for life.” Headquartered in Detroit, Michigan, it has approximately $225,000 employees across six continents. The company’s description continues: “From electric cars to heavy-duty full-size trucks, General Motors provides a complete range of vehicles that meets the needs and expectations of drivers on a truly global scale. There are 10 distinctive automotive brands under the General Motors corporate umbrella: Chevrolet, Buick, GMC, Cadillac, Opel, Vauxhall, Holden, Baojun, Wuling, and Jiefang.”