NEW YORK, NY / ACCESSWIRE / October 7, 2022 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Honda Motor Co., Ltd. ("Honda" or the "Company") (NYSE:HMC). Investors who purchased Honda securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/hmc.
The investigation concerns whether Honda has violated federal securities laws.
On September 28, 2022, a putative class action was filed against Honda alleging that the Company sold thousands of vehicles that contain a critical safety flaw putting drivers and others at serious risk of injury. Specifically, the lawsuit against Honda alleges that a wide range of Honda vehicles share a flawed "auto start/stop" function (also called "Idle Stop") intended to save fuel by shutting the engine down at stops, and that the Idle Stop system in these vehicles routinely fails to restart the engine as designed, leaving drivers unable to move their vehicles. The lawsuit further alleges that Honda was fully aware of the defect before marketing the vehicles. Following this news, Honda's American Depositary Receipt ("ADR") price fell $0.74 per ADR, or 3.23%, to close at $22.19 per ADR on September 29, 2022.
If you are aware of any facts relating to this investigation or purchasedHonda shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/hmc. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC