LOS ANGELES--(BUSINESS WIRE)--
Glancy Prongay & Murray LLP (“GPM”) announces that a class action lawsuit has been filed on behalf of investors that purchased Ford Motor Company (“Ford” or the “Company”) (NYSE: F) securities between February 18, 2014 and October 26, 2017, inclusive (the “Class Period”). Ford investors have until December 29, 2017 to file a lead plaintiff motion. To obtain information or participate in the class action, please visit the Ford page on our website at www.glancylaw.com/case/ford-motor-company.
Investors suffering losses on their Ford investments are encouraged to contact Lesley Portnoy of GPM to discuss their legal rights in this class action at 310-201-9150 or by email to [email protected].
On October 27, 2017, the U.S. National Highway Traffic Safety Administration ("NHTSA") announced a preliminary investigation into 841,000 Ford vehicles, citing concerns that the vehicles' steering wheels could detach while the vehicles are in motion. NHTSA stated that it is specifically investigating 2014-2016 model Ford Fusion sedans. On this news, shares of Ford fell $0.21 per share, or 1.71%, to close at $12.06 on October 27, 2017, thereby injuring investors.
The complaint filed in this class action alleges that throughout the Class Period Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) flaws in Ford’s manufacturing processes, supply chain, and/or quality controls rendered at least 841,000 Ford vehicles unsafe to drive; (2) these issues, when revealed, would foreseeably subject Ford to additional regulatory scrutiny and impact its profitability; and (3) consequently, Ford’s public statements were materially false and misleading at all relevant times.
Follow us for updates on Twitter: twitter.com/GPM_LLP.
If you purchased shares of Ford during the Class Period you may move the Court no later than December 29, 2017 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171208005660/en/
