GM INVESTOR ALERT

Robbins Geller Rudman & Dowd LLP Announces that General Motors Company Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - Seite 2

The General Motors class action lawsuit further alleges that on October 24, 2023, the California Department of Motor Vehicles announced the immediate suspension of Cruise’s deployment and driverless testing permits, stating that Cruise “ha[d] misrepresented . . . information related to [the] safety of the autonomous technology of its vehicles.” According to the complaint, on this news, the price of General Motors stock fell.

Finally, as the General Motors class action lawsuit alleges, on October 26, 2023, Cruise announced via a post on X that it would pause all of its AV operations across the country “while we take time to examine our processes, systems, and tools and reflect on how we can better operate in a way that will earn public trust.” On this news, the price of General Motors stock fell nearly 5%, the complaint further alleges.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired General Motors securities during the Class Period to seek appointment as lead plaintiff of the General Motors class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the General Motors class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the General Motors class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the General Motors class action lawsuit.

ABOUT ROBBINS GELLER: Robbins Geller is one of the world’s leading complex class action firms representing plaintiffs in securities fraud cases. The Firm is ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report for recovering more than $1.75 billion for investors in 2022 – the third year in a row Robbins Geller tops the list. And in those three years alone, Robbins Geller recovered nearly $5.3 billion for investors, more than double the amount recovered by any other plaintiffs’ firm. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information: