General Motors Being Investigated By SEC, NHTSA, And More

General Motors Company (NYSE:GM) revealed that it is being investigated by the US Attorney’s office, the SEC, and others in conjunction with the ignition switch recall affecting more than 2 million vehicles. It is also said in today’s filing that it is being sued in dozens of class action lawsuits across the US and Canada.

More than 60 class action lawsuits against General Motors and counting

“Through April 22, 2014 we are aware of 55 putative class actions have been filed against General Motors Company (NYSE:GM) in various U.S. District Courts since the recall announcement alleging that consumers...