Press release
Lawsuit filed for Investors with losses in shares of Toyota Motor Corporation (NYSE: TM)
A lawsuit was filed on behalf of investors in Toyota Motor Corporation (NYSE: TM) shares over alleged securities laws violations.
Investors who purchased a significant amount of shares of Toyota Motor Corporation (NYSE: TM) have certain options and for certain investors are short and strict deadlines running. Deadline: August 23, 2024. NYSE: TM investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On June 3, 2024, The New York Times reported that "Toyota [. . .] and other top Japanese automakers [acknowledged] that internal investigations found they had mishandled vehicle testing on dozens of models over the past decade." Additionally, the article stated that Toyota "had failed to gather proper data when doing pedestrian and occupant safety tests for three models, including its popular Yaris Cross sport utility vehicle."
Shares of Toyota Motor Corporation (NYSE: TM) declined from $255.23 per share on March 22, 2024, to as low as $19.320 per share on June 17, 2024.
According to the complaint the plaintiff alleges on behalf of purchasers of Toyota Motor Corporation (NYSE: TM) common shares between June 25, 2022 and June 2, 2024, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between June 25, 2022 and June 2, 2024, the defendants made false and/or misleading statements and/or failed to disclose, among other things, that Toyota Motor Corporation understated its malfeasance relating to certification of its cars and issues relating to overall legal compliance, and that as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
Those who purchased shares of Toyota Motor Corporation (NYSE: TM) 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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