What Is the General Motors Company (GM) Class Action Lawsuit About?
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of General Motors Company (“General Motors” or “the Company”) (NYSE: GM). Investors who purchased General Motors securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether General Motors has violated federal securities laws.
Investigation Details
In 2022, GM filed a petition with the National Highway Traffic Safety Administration seeking permission to deploy up to 2,500 self-driving Origin vehicles annually without human controls such as a steering wheel, brake pedals or mirrors. Then, on July 23, 2024, GM announced that it was indefinitely delaying its planned Origin vehicle, stating that it would instead use a conventional next-generation Bolt electric vehicle as the platform for its planned Cruise robotaxi. On this news, GM’s stock price fell $3.18 per share, or 6.42%, to close at $46.38 per share on July 23, 2024.
What’s Next?
If you are aware of any facts relating to this investigation or purchased General Motors securities, you can assist this investigation. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
How Did General Motors Company (GM) Stock React to the Disclosures?
How Is BG&G Representing Investors in Securities Class Actions?
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
“Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace.”