LOS ANGELES--(EON: Enhanced Online News)--Goldberg Law PC, a national shareholder rights litigation firm, announces that it is investigating General Motors Company (“GM” or the “Company”) (NYSE: GM) concerning possible violations of federal securities laws.
“General Motors Co.'s joint venture in China with SAIC Motor Corp. is being investigated by the government for possible anti-trust violations, according to people familiar with the matter”
If you purchased or otherwise acquired GM’s shares and would like more information regarding the investigation, we encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at firstname.lastname@example.org.
The investigation focuses on whether GM and some of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
Reuters published an article on December 14, 2016 that China Daily newspaper published a senior state planning official stating, "China will soon slap a penalty on an unnamed U.S. automaker for monopolistic behavior" and that Zhang Handong, the director of the National Development and Reform Commission's price supervision bureau, said that "[i]nvestigators found the U.S. company had instructed distributors to fix prices starting in 2014."
The same day, Bloomberg published a report that "General Motors Co.'s joint venture in China with SAIC Motor Corp. is being investigated by the government for possible anti-trust violations, according to people familiar with the matter" and that "[s]ome dealerships in the SAIC-GM network were investigated over retail pricing practices."
When this information was disclosed to the public, GM’s stock dropped in value, causing investors severe harm.
If you have any questions concerning your legal rights, please immediately contact Goldberg Law PC at 800-977-7401, or visit our website at http://www.Goldberglawpc.com, or email us at email@example.com.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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