NEW YORK - (NewMediaWire) - October 12, 2021 - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against General Motors Company (“General Motors” or the “Company”) (NYSE: GM).
If you suffered losses exceeding $50,000 investing in General Motors stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: http://www.faruqilaw.com/GM.
There is no cost or obligation to you.
Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Delaware, Pennsylvania, California and Georgia.
On August 4, 2021, GM announced that its second quarter 2021 financial results were negatively impacted by "warranty recall costs" of $1.3 billion, including approximately $800 million related to the Chevrolet Bolt EV.
On this news, GM’s share price fell $5.16, or 8.9%, to close at $52.72 per share on August 4, 2021, thereby injuring investors.
Then, on Friday, August 20, 2021, GM announced that it was "voluntarily expanding the current Chevrolet Bolt EV recall to cover the remaining 2019 and all 2020-2022 model year vehicles, including the Bolt EUV" because the batteries may have two manufacturing defects that "increase the risk of fire."
On this news, GM’s share price fell during intraday trading on Monday, August 23, 2021, thereby further injuring investors.
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