BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of General Motors Company (“GM” or the “Company”) (NYSE:GM) concerning possible violations of federal securities laws. The investigation focuses on certain statements issued by GM between November 17, 2010 and March 21, 2014, concerning the Company’s operations and financial prospects.
GM designs, manufactures and markets cars, crossovers, trucks and automobile parts worldwide, primarily under the Buick, Cadillac, Chevrolet, GMC, Opel, Holden and Vauxhall brand names. The investigation is related to allegations that the Company was in breach of applicable industry and government regulations and policies concerning passenger and automotive safety, that more than three million GM cars contained serious safety defects, and that although the Company knew of the potential harm to drivers and passengers as early as 2001, the Company refused to recall the vehicles for a quick and inexpensive fix to their ignition switches.
On February 7, 2014, GM notified the National Highway Traffic Safety Administration of the Company’s decision to recall 2005-2007 Chevrolet Cobalt and 2007 Pontiac G5 vehicles due to defects in the manufacturing of their key ignition switches, and later expanded the recall to include more than 1.6 million vehicles in the 2003-2007 Saturn Ion, 2006-2007 Chevrolet HHR and Pontiac Solstice, and 2007 Saturn Sky models.
If you purchased GM securities between November 17, 2010 and March 21, 2014, if you have information or would like to learn more about these claims, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.