Core Viewpoint - Johnson Fistel, PLLP is investigating potential derivative claims against General Motors Company regarding alleged breaches of fiduciary duties by certain officers and directors, following a securities class action related to GM securities purchased between February 2, 2022, and October 26, 2023 [1][3]. Group 1: Investigation Details - The investigation is prompted by allegations that GM and its senior executives made materially false or misleading statements and failed to disclose significant adverse facts, including issues related to vehicle airbag inflators, the safety of Cruise LLC's autonomous vehicle technology, and increased risks of regulatory scrutiny and legal liabilities [3][4]. - Reports of serious accidents involving Cruise AVs, regulatory hearings on defective airbags, and the suspension of Cruise's driverless testing permits have contributed to a decline in GM's stock, allegedly harming investors [3][4]. Group 2: Shareholder Actions - Current GM shareholders who held shares continuously since before February 2, 2022, may have the standing to pursue derivative claims on behalf of GM [2]. - Shareholders seeking more information are encouraged to visit the law firm's website or contact the lead analyst directly [2].
Johnson Fistel Investigates General Motors Company (GM) Directors for Potential Breaches of Fiduciary Duty Related to Vehicle Safety and Cruise AV Disclosures