NEW
YORK, Feb. 2, 2024 /PRNewswire/ -- The Gross Law
Firm issues the following notice to shareholders of General
Motors Company.
Shareholders who purchased shares of GM during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/general-motors-loss-submission-form/?id=65520&from=4
CLASS PERIOD: February 10,
2021 to October 26, 2023
ALLEGATIONS: The complaint alleges that
during the class period, Defendants issued materially false and/or
misleading statements and/or failed to disclose that: (1) GM
downplayed concerns with its vehicles' airbags and the need to
record additional warranty accruals for related product recalls;
(ii) GM 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 Cruise's AV products were
overstated; (v) all the foregoing subjected GM to an increased risk
of governmental and/or regulatory scrutiny and enforcement action,
significant legal liabilities, product recalls, and reputational
harm; and (vi) as a result, defendants' public statements were
materially false and/or misleading at all relevant times.
DEADLINE: February 6, 2024
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/general-motors-loss-submission-form/?id=65520&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of GM during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is February 6, 2024. There is no cost or obligation
to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm