Case Summary:
General Motors Co
NYSE
GM
Date Filed
05/27/2017
Lead Plaintiff Deadline
07/26/2017
Class Period
2/27/2012-5/25/2017
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Case Summary
Securities class action on behalf fof a class consisting of all persons and entities other than defendants who purchased or otherwise acquired the publicly traded securities of GM from February 27, 2012 through May 25, 2017, pursuant to sections 10(b) & 20(a) of the Securities Exchange Act of 1934.
Preliminary Allegations
The complaint alleges that defendants made false and/or misleading statements and/or failed to disclose that: (1) the company 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, the company’s public statements were materially false and misleading.
Brief Company Profile
General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. General Motors Company was founded in 1897 and is based in Detroit, Michigan.
Court: Eastern District of New York
Docket: 17-cv-03213
Judge: Judge Ann M Donnelly
Plaintiff(s): Robert Kleszynski
Defendant(s): DANIEL AMMANN,, GENERAL MOTORS COMPANY, CHARLES K. STEVENS III, DANIEL F. AKERSON, , MARY T. BARRA,
