GM - Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed on Behalf of General Motors Company (GM) Investors and Encourages Investors to Contact the Firm Before February 6 2024 | Benzinga

NEW YORK, Dec. 22, 2023 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of Michigan on behalf of those who acquired General Motors Company ("GM" or the "Company") (NYSE:GM) securities during the period from February 2, 2022 through October 26, 2023, inclusive. Investors have until February 6, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Cruise LLC ("Cruise") is GM's majority-owned global segment responsible for the development and commercialization of autonomous vehicle ("AV") technology. On October 2, 2023, NBC Bay Area reported that a pedestrian suffered major injuries after she was run over by and pinned beneath a driverless Cruise AV. NBC Bay Area further reported that Cruise was cooperating with law enforcement regarding the incident. On this news, the price of GM shares declined by $1.09 per share, or approximately 3.36%, from $32.47 per share to close at $31.38 on October 3, 2023.

On October 5, 2023, the National Highway Traffic Safety Administration held a public hearing to recommend a recall of more than 50 million airbag inflators that have been linked to potentially deadly explosions. Citing people familiar with the matter, The Wall Street ...

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