July 26 deadline alert: gpm reminds investors of looming
deadline in the class action lawsuit against general motors company
Los angeles--(business wire)--glancy prongay & murray llp (“gpm”) reminds investors of the july 26, 2017 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased general motors company (“gm” or the “company”) (nyse: gm) securities between february 27, 2012 and may 25, 2017, inclusive (the “class period”). gm investors have until july 26, 2017 to file a lead plaintiff motion in this class action. to obtain information or participate in the class action, please visit the gm page on our website at www.glancylaw.com/case/general-motors-company. on may 25, 2017, news agencies reported that a consumer lawsuit was filed against gm for allegedly installing defeat devices on over 700,000 duramax diesel trucks. according to the consumer lawsuit, gm’s duramax diesel trucks emit between two-to-five times the legal limit of nitrogen-oxide pollutants. on this news, gm’s share price fell nearly $0.60 on may 25, 2017, thereby injuring investors. according to the complaint filed in this class action lawsuit, throughout the class period defendants made false and/or misleading statements and/or failed to disclose that: (1) gm installed three distinct defeat devices in over 700,000 trucks with duramax diesel engines from 2011 to 2016 to beat emissions tests in the u.s.; (2) in turn, these trucks emit up to five times the legal limit of nitrogen oxide pollutants; and (3) as a result, gm’s public statements were materially false and misleading at all relevant times. when the true details entered the market, the lawsuit claims that investors suffered damages. follow us for updates on twitter: twitter.com/gpm_llp. if you purchased or otherwise acquired gm securities during the class period you may move the court no later than july 26, 2017 to request appointment as lead plaintiff in this putative class action lawsuit. to be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. if you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact lesley portnoy, esquire, of gpm, 1925 century park east, suite 2100, los angeles, california 90067 at 310-201-9150, toll-free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. if you inquire by email please include your mailing address, telephone number and number of shares purchased. this press release may be considered attorney advertising in some jurisdictions under the applicable law and ethical rules.
GM Ratings Summary
GM Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission