General Motors Stock Manipulation

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SETTLED

General Motors Stock Manipulation

FILING DEADLINES:

04/27/2016

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CASE NUMBER:

14-CV-11191

CLASS PERIOD:

October 10, 2014 — December 10, 2014

TOTAL SETTLEMENT FUND:

$300,000,000.00

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    SETTLING DEFENDANTS

    General Motors Company, Daniel F. Akerson, Daniel Ammann, Mary T. Barra, Nicholas S. Cyprus, Gay Kent, Christopher P. Liddell, Charles K. Stevens III, Thomas S. Timko

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    ELIGIBLE CLASS

    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.

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    ELIGIBLE INSTRUMENTS

    Publicly traded securities of GM.

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    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.

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    Case Summary

    Securities class action on behalf of 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.

Case Updates

Fri, February 7, 2014       

573 Page Report submitted to NHTSA: “General Motors has decided that a defect, which relates to motor vehicle safety, exists in 2005-2007 model year Chevrolet Cobalt and 2007 Pontiac G5 vehicles.”

Next Steps

Contact your Battea Customer Service Representative directly.

  • icon-company-profile

    BRIEF COMPANY PROFILE

    Name: General Motors Co.
    Country: United States
    Industry: Auto & Truck Parts
    Sector: Consumer Goods

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