Glancy
Binkow & Goldberg LLP announces that a class action lawsuit has
been filed in the United States District Court for the Eastern District
of Michigan on behalf of a class (the “Class”) comprising all purchasers
of the securities of General
Motors Company (“GM” or the “Company”) (NYSE:GM) between November
17, 2010 and March 21, 2014, inclusive (the “Class Period”).
Please contact Glancy Binkow & Goldberg LLP, toll-free at (888) 773-9224
or at (212) 682-5340, or by email to shareholders@glancylaw.com
to discuss this matter.
GM designs, manufactures and markets cars, crossovers, trucks and
automobile parts worldwide, primarily under the Buick, Cadillac,
Chevrolet, GMC, Opel, Holden and Vauxhall brand names. The Complaint
alleges that during the Class Period defendants made false and/or
misleading statements or failed to disclose that the Company was in
breach of applicable industry and government regulations and policies
concerning passenger and automotive safety, that more than three million
GM cars contained serious safety defects, and that although the Company
knew of the potential harm to drivers and passengers as early as 2001,
the Company refused to recall the vehicles for a quick and inexpensive
fix to their ignition switches.
On February 7, 2014, GM notified the National Highway Traffic Safety
Administration of the Company’s decision to recall 2005-2007 Chevrolet
Cobalt and 2007 Pontiac G5 vehicles due to defects in the manufacturing
of their key ignition switches, and later expanded the recall to include
more than 1.6 million vehicles in the 2003-2007 Saturn Ion, 2006-2007
Chevrolet HHR and Pontiac Solstice, and 2007 Saturn Sky models.
If you are a member of the Class described above, you may move the Court
no later than May 20, 2014, to serve as lead plaintiff, if you meet
certain legal requirements. To be a member of the Class you need not
take any action at this time; you may retain counsel of your choice or
take no action and remain an absent member of the Class. If you wish to
learn more about this action, or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Michael
Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century
Park East, Suite 2100, Los Angeles, California 90067, Toll Free at (888)
773-9224, or contact Gregory
Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd
Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by
e-mail to shareholders@glancylaw.com,
or visit our website at http://www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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