SproutNews logo

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of General Motors Company – GM

NEW YORK, NY / ACCESSWIRE / June 30, 2017 / Pomerantz LLP is investigating claims on behalf of investors of General Motors Company (“GM” or the “Company”) (NYSE: GM). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

The investigation concerns whether GM and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here to join a class action]

On May 25, 2017, reports emerged that a consumer lawsuit was filed against GM for allegedly installing defeat devices on more than 700,000 Duramax diesel trucks. According to the consumer lawsuit, the Company’s Duramax diesel trucks emit between two-to-five times the legal amount of nitrogen-oxide pollutants.

On this news, GM’s share price fell $0.60 or 1.81%, to close at $32.60 on May 25, 2017.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz LLP

ReleaseID: 467280

Go Top