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Deadline on Nov. 24th coming up in Lawsuit for Investors in Garrett Motion Inc. (NYSE: GTX, OTC: GTXMQ)

11-20-2020 08:57 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A Deadline is coming up on November 24, 2020 in the lawsuit for certain investors in Garrett Motion Inc. (NYSE: GTX, OTC: GTXMQ)

A Deadline is coming up on November 24, 2020 in the lawsuit for certain investors in Garrett Motion Inc. (NYSE: GTX, OTC: GTXMQ)

A deadline is coming up on H November 24, 2020 in the lawsuit filed for certain investors of Garrett Motion Inc. (NYSE: GTX, OTC: GTXMQ) over alleged securities laws violations by Garrett Motion Inc.

Investors who purchased shares of Garrett Motion Inc. (NYSE: GTX, OTC: GTXMQ) have certain options and there are strict and short deadlines running. Deadline: November 24, 2020. NYSE: GTX, OTC: GTXMQ stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges on behalf of purchasers of Garrett Motion Inc. (NYSE: GTX, OTC: GTXMQ) common shares between October 1, 2018 and September 18, 2020, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between October 1, 2018 and September 18, 2020, the defendants failed to disclose to investors that, due to its agreement to indemnify and reimburse Honeywell for certain asbestos-related liability, Garrett was saddled with an unsustainable level of debt, that, as a result, Garrett had a highly leveraged capital structure that posed significant challenges to its overall strategic and financial flexibility that, as a result of the foregoing, Garrett’s ability to gain or hold market share was impaired, that, as a result of the foregoing, the Company was reasonably likely to seek bankruptcy protection, and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of Garrett Motion Inc. (NYSE: GTX, OTC: GTXMQ) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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