GM - GM INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that General Motors Company Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit | Benzinga
SAN DIEGO, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of General Motors Company (NYSE:GM) securities between February 2, 2022 and October 26, 2023, inclusive (the "Class Period"), have until February 6, 2023 to seek appointment as lead plaintiff of the General Motors class action lawsuit. Captioned Shamoon v. General Motors Company, No. 23-cv-13132 (E.D. Mich.), the General Motors class action lawsuit charges General Motors as well as certain of its top executive officers with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the General Motors class action lawsuit, please provide your information here:
https://www.rgrdlaw.com/cases-general-motors-company-class-action-lawsuit-gm.html
You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at jsanchez@rgrdlaw.com.
CASE ALLEGATIONS: Cruise LLC is General Motors' majority-owned global segment responsible for the development and commercialization of autonomous vehicles ("AV").
The General Motors class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) General Motors downplayed concerns with its vehicles' airbags and the need to record additional warranty accruals for related product recalls; (ii) General Motors overstated the extent and efficacy of its efforts to analyze defects in its vehicles' airbag inflators; (iii) Cruise's AVs and/or AV technology were less safe and well-developed than defendants had led investors, regulators, and the general public to believe; (iv) accordingly, regulatory approval of Cruise's AV products was unsustainable and the prospects for widespread regulatory approval and adoption of ...