Long-Term Investors in shares of General Motors Company (NYSE: GM) concerning possible Wrongdoing by certain directors

An investigation was announced for current long-term investors in shares of General Motors Company (NYSE: GM) concerning potential breaches of fiduciary duties by certain directors of General Motors Company.

Investors who are current long term investors in General Motors Company (NYSE: GM) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: GM stocks follows a lawsuit filed against General Motors over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: GM stocks, concerns whether certain General Motors directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Eastern District of Michigan the plaintiff alleges that, the Defendants made false and/or misleading statements and/or failed to disclose that General Motors Company downplayed concerns with its vehicles' airbags and the need to record additional warranty accruals for related product recalls, that General Motors Company overstated the extent and efficacy of its efforts to analyze defects in its vehicles' airbag inflators, that Cruise's AVs and/or AV technology were less safe and well-developed than Defendants had led investors, regulators, and the general public to believe;, that accordingly, regulatory approval of Cruise's AV products was unsustainable and the prospects for widespread regulatory approval and adoption of Cruise's AV products were overstated, that all the foregoing subjected General Motors Company to an increased risk of governmental and/or regulatory scrutiny and enforcement action, significant legal liabilities, product recalls, and reputational harm, and that as a result, Defendants' public statements were materially false and/or misleading at all relevant times.

Those who purchased shares of General Motors Company (NYSE: GM) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.