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July 26 Deadline Alert: GPM Reminds Investors of Looming Deadline in the Class Action Lawsuit Against General Motors Company
[July 25, 2017]

July 26 Deadline Alert: GPM Reminds Investors of Looming Deadline in the Class Action Lawsuit Against General Motors Company


Glancy Prongay & Murray LLP ("GPM") reminds investors of the July 26, 2017 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased General Motors (News - Alert) Company ("GM" or the "Company") (NYSE: GM) securities between February 27, 2012 and May 25, 2017, inclusive (the "Class Period"). GM investors have until July 26, 2017 to file a lead plaintiff motion in this class action. To obtain information or participate in the class action, please visit the GM page on our website at www.glancylaw.com/case/general-motors-company.

On May 25, 2017, news agencies reported that a consumer lawsuit was filed against GM for allgedly installing defeat devices on over 700,000 Duramax diesel trucks. According to the consumer lawsuit, GM's Duramax diesel trucks emit between two-to-five times the legal limit of nitrogen-oxide pollutants. On this news, GM's share price fell nearly $0.60 on May 25, 2017, thereby injuring investors.



According to the complaint filed in this class action lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) GM 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, GM's public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

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If you purchased or otherwise acquired GM securities during the Class Period you may move the Court no later than July 26, 2017 to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action 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 action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at 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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