An investigation for investors in Garrett Motion Inc. (NYSE:GTX) shares over potential securities laws violations by Garrett Motion Inc. was announced.
San Diego, CA -- (SBWIRE) -- 09/15/2020 -- An investigation was announced concnering potential securities laws violations by Garrett Motion Inc. in connection with certain financial statements.
Investors who purchased shares of Garrett Motion Inc. (NYSE: GTX), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Garrett Motion Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Switzerland based Garrett Motion Inc. designs, manufactures, and sells turbocharger and electric-boosting technologies for light and commercial vehicle original equipment manufacturers and the aftermarket worldwide. On August 26, 2020, Garrett Motion Inc disclosed that the Company's "leveraged capital structure poses significant challenges to its overall strategic and financial flexibility and may impair its ability to gain or hold market share in the highly competitive automotive supply market, thereby putting Garrett at a meaningful disadvantage relative to its peers."
Shares of Garrett Motion Inc. (NYSE: GTX) declined from $7.15 per share on August 14, 2020, to as low as $2.54 per share on September 2, 2020.
Those who purchased shares of Garrett Motion Inc. (NYSE: GTX) have certain options and should contact the Shareholders Foundation.
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