An Investor Investigation into Honda Motor Co., Ltd. (NYSE: HMC) shares to possible violations of the securities laws by Honda.
An investigation has been announced into possible violations of securities laws by Honda Motor Co., Ltd. in connection with certain financial statements.
Investors buying shares of Honda Motor Co., Ltd. (NYSE: HMC) have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on whether a series of statements by Honda Motor Co., Ltd. regarding its business, its prospects and its activities were materially inaccurate and misleading at the time they were made.
Japan-based Honda Motor Co., Ltd. develops, manufactures and distributes motorcycles, automobiles, electrical products and other products in Japan, North America, Europe, Asia and internationally.
On September 28, 2022, an alleged class action was filed against Honda Motor Co., Ltd. alleging that the company had sold thousands of vehicles that contained a critical safety flaw, putting drivers and others at serious risk of injury. In particular, the lawsuit against Honda Motor Co., Ltd. claimed that many Honda vehicles share a flawed “auto start/stop” (sometimes referred to as “Idle Stop”) feature designed to save fuel by shutting the engine off when stationary, and that the Idle Stop system in these vehicles, the engine routinely fails to restart as designed, leaving drivers unable to move their vehicles. The lawsuit further alleges that Honda Motor Co., Ltd. was fully aware of the defect before the vehicles were put on the market.
Shares of Honda Motor Co., Ltd. (NYSE: HMC) fell to $21.44 per share on October 21, 2022.
Those who own shares of Honda Motor Co., Ltd. (NYSE: HMC) have certain options and must contact the Shareholders Foundation.
Contact:Michael DanielsShareholders Foundation, Inc.3111 Camino Del Rio NorthSuite 423San Diego, CA 92108Tel: +1-(858)-779-1554E-Mail: firstname.lastname@example.org
About Shareholders Foundation, Inc. The Shareholders Foundation, Inc. is a professional portfolio monitoring and claims filing service and investor advocacy group that researches shareholder issues and informs investors about securities lawsuits, settlements, judgments, and other legal-related news related to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support and assistance to each shareholder. The Shareholders Foundation, Inc. is not a law firm. The aforementioned cases, investigations and/or settlements are not submitted/initiated/achieved and/or are not related to Stichting Aandeelhouders. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
This release is published on openPR.