BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been 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.
Investors suffering losses on their GM investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.
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.
If you purchased shares of GM during the Class Period you may move the Court no later than July 26, 2017 to ask the Court to appoint you as lead. To be a member of the Class 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. If you wish to learn more about this action, 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 howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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