Investigation announced for Long-Term Investors in shares of Garrett Motion Inc. (NYSE: GTX, OTC: GTXMQ)

An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Garrett Motion Inc..

Investors who are current long term investors in Garrett Motion Inc. (NYSE: GTX, OTC: GTXMQ) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: GTX, OTC: GTXMQ stocks follows a lawsuit filed against Garrett Motion Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: GTX, OTC: GTXMQ stocks, concerns whether certain Garrett Motion Inc. directors are liable in connection with the allegations made in that lawsuit.

The plaintiff alleges that 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.

This release was published on openPR.