Press release
Investigation announced for Investors in General Motors Company (NYSE: GM) over possible Violations of Securities Laws
An investigation for investors in General Motors Company (NYSE: GM) shares over potential securities laws violations.
Investors who purchased shares of General Motors Company (NYSE: GM), 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 focuses on possible claims on behalf of purchasers of the securities of General Motors Company (NYSE: GM) concerning whether a series of statements by General Motors Company regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On August 4, 2021, General Motors Company announced that its second quarter 2021 financial results were negatively impacted by "warranty recall costs" of $1.3 billion, including approximately $800 million related to the Chevrolet Bolt EV.
Then, on Friday, August 20, 2021, General Motors Company announced that it was "voluntarily expanding the current Chevrolet Bolt EV recall to cover the remaining 2019 and all 2020-2022 model year vehicles, including the Bolt EUV" because the batteries may have two manufacturing defects that "increase[] the risk of fire."
Shares of General Motors Company (NYSE: GM) declined from $64.30 per share in early June 2021 to $47.97 per share on August 23, 2021.
Those who purchased shares of General Motors Company (NYSE: GM) have certain options and should contact the Shareholders Foundation.
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 lawsuits, 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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