GM Recalls Devalue All Cars, $10B Class Action Says
Law360, New York (June 18, 2014, 1:17 PM EDT) -- General Motors Co.’s reputation has been so badly damaged by its recent onslaught of recalls that even vehicles not included in the recalls have depreciated in value, according to a consumer class action filed Wednesday seeking more than $10 billion on behalf of all GM vehicle owners.
The suit alleges GM misled consumers into purchasing or leasing their cars as they were marketed as safe and reliable, when in fact the company was actually intentionally concealing known defects and valuing cost-cutting over safety, eventually leading all GM vehicles to depreciate in value due to its now-ruined brand.
“GM enticed ... all...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!