A lawsuit was filed on behalf of investors in General Motors Company (NYSE:GM) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 06/12/2017 -- An investor, who purchased shares of General Motors Company (NYSE:GM), filed a lawsuit over alleged violations of Federal Securities Laws by General Motors in connection with certain allegedly false and misleading statements.
Investors who purchased shares of General Motors Company (NYSE:GM) have certain options and for certain investors are short and strict deadlines running. Deadline: July 26, 2017. NYSE:GM investors should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The plaintiff claims that between February 27, 2012 and May 25, 2017 the defendants made false and/or misleading statements and/or failed to disclose that General Motors installed three distinct defeat devices in over 700,000 trucks with Duramax diesel engines from 2011 to 2016 to beat emissions tests in the U.S., that in turn, these trucks emit up to five times the legal limit of nitrogen oxide pollutants, and that as a result, General Motors' public statements were materially false and misleading at all relevant times.
On May 25, 2017, news outlets reported that General Motors Company has been accused of installing defeat devices on more than 700,000 Duramax diesel trucks in a consumer lawsuit. According to the consumer lawsuit, GM's Duramax diesel trucks emit between two-to-five times the legal amount of nitrogen-oxide pollutants. Shares of General Motors Company (NYSE:GM) declined on May 25, 2017 to $31.92 per share.
Those who purchased shares of General Motors Company have certain options and should contact the Shareholders Foundation.
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