NEW YORK, Dec. 14, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities General Motors Company ("GM" or the "Company") (NYSE: GM). Such investors can obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/gm.
The investigation concerns whether GM and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On December 14, 2016, Reuters published an article that the China Daily newspaper reported that 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, said that "[i]nvestigators found the U.S. company had instructed distributors to fix prices starting in 2014."
Also on December 14, 2016, Bloomberg released 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." Following these releases, GM stock dropped as much as $1.31 per share, or 3.51%, during intraday trading on December 14, 2016.
If you are aware of any facts relating to this investigation, or purchased GM shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/gm. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | firstname.lastname@example.org
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/shareholder-alert-bronstein-gewirtz--grossman-llc-announces-investigation-of-general-motors-company-gm-300378593.html
SOURCE Bronstein, Gewirtz & Grossman, LLC