An investigation for investors in General Motors Company (NYSE:GM) shares over potential securities laws violations by General Motors Company was announced.
San Diego, CA -- (SBWIRE) -- 11/04/2021 -- General Motors Company is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of General Motors Company (NYSE: GM), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by General Motors Company regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On August 4, 2021, General Motors Company announced that its second quarter 2021 financial results were negatively impacted by "warranty recall costs" of $1.3 billion, including approximately $800 million related to the Chevrolet Bolt EV.
Then, on Friday, August 20, 2021, General Motors Company announced that it was "voluntarily expanding the current Chevrolet Bolt EV recall to cover the remaining 2019 and all 2020-2022 model year vehicles, including the Bolt EUV" because the batteries may have two manufacturing defects that "increase[] the risk of fire."
Shares of General Motors Company (NYSE: GM) declined from $64.30 per share in early June 2021 to $47.97 per share on August 23, 2021.
Those who purchased shares of General Motors Company (NYSE: GM) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
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.