An investigation for investors in Honda Motor Co., Ltd. (NYSE:HMC) shares over potential securities laws violations by Honda Motor Co., Ltd. was announced.
San Diego, CA -- (SBWIRE) -- 11/03/2022 -- Honda Motor Co., Ltd. is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Honda Motor Co., Ltd. (NYSE: HMC), have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Honda Motor Co., Ltd. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Japan based Honda Motor Co., Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products in Japan, North America, Europe, Asia, and internationally.
On September 28, 2022, a putative class action was filed against Honda Motor Co., Ltd. alleging that the Company sold thousands of vehicles that contain a critical safety flaw putting drivers and others at serious risk of injury. Specifically, the lawsuit against Honda Motor Co., Ltd. alleges that a wide range of Honda vehicles share a flawed "auto start/stop" function (also called "Idle Stop") intended to save fuel by shutting the engine down at stops, and that the Idle Stop system in these vehicles routinely fails to restart the engine as designed, leaving drivers unable to move their vehicles. The lawsuit further alleges that Honda Motor Co., Ltd. was fully aware of the defect before marketing the vehicles.
Shares of Honda Motor Co., Ltd. (NYSE: HMC) declined to $21.44 per share on October 21, 2022.
Those who purchased shares of Honda Motor Co., Ltd. (NYSE: HMC) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , 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, investigation, and/or settlements are not filed/reached and/or 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.