GM Faces Hard Fight If Securities Suits Clear Early Hurdles
Law360, New York (April 30, 2014, 5:11 PM EDT) -- Shareholders accusing General Motors Co. of defrauding its investors by concealing an ignition switch defect that caused several fatal crashes and sent stock prices plummeting have a budding arsenal for their fight against the beleaguered automaker, but experts say there are big hurdles to clear at the outset of litigation.
The stock's value has steadily and substantially dropped after allegations surfaced that GM held off on fixing an ignition switch problem in several older-model cars, including Chevrolet Cobalts and Saturn Ions, that triggered at least a dozen deaths and more than 30 crashes. At least one suit has landed in federal...
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