LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Garrett Motion Inc. (“Garrett” or “the Company”) (NYSE: GTX) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between October 1, 2018 and September 18, 2020, inclusive (the ''Class Period''), are encouraged to contact the firm before November 24, 2020.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at email@example.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Garrett was burdened with an unsustainable level of debt due to an agreement to indemnify Honeywell and reimburse it for certain asbestos-related liabilities. The Company’s leveraged capital structure left it inflexible financially and strategically. The Company was left unable to hold market share and at risk of bankruptcy. Based on these facts, the Company’s public statements were false and materially misleading. When the market learned the truth about Garrett, investors suffered damages.
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The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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