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INVESTOR LOSS ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against General Motors Company - GMRosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of General Motors Company (NYSE: GM) resulting from allegations that General Motors may have issued materially misleading business information to the investing public. On December 14, 2016, Reuters (News - Alert) published an article stating that according to the official China Daily newspaper, a senior state planning official said that "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, stated that "[i]nvestigators found the U.S. company had instructed distributors to fix prices starting in 2014." On that same day, Bloomberg (News - Alert) published an article stating 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 (News - Alert)-GM network were investigated over retail pricing practices." On this news, shares of Genera Motors fell during intraday trading on December 14, 2016. Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by General Motors investors. If you purchased shares of General Motors please visit the firm's website at http://www.rosenlegal.com/cases-1011.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected]. Follow us for updates on LinkedIn (News - Alert): https://www.linkedin.com/company/the-rosen-law-firm or on Twitter (News - Alert): https://twitter.com/rosen_firm. Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Attorney Advertising. Prior results do not guarantee a similar outcome. View source version on businesswire.com: http://www.businesswire.com/news/home/20161214006096/en/ |