STEVENSON, Md. -- (Business Wire)
The securities litigation law firm of Brower Piven, A Professional
Corporation, announces that a class action lawsuit has been commenced in
the United States District Court for the Eastern District of Michigan on
behalf of purchasers of Ford Motor Company (NYSE: F) (“Ford” or the
“Company”) securities during the period between February 18, 2014 and
October 26, 2017, inclusive (the “Class Period”). Investors who wish to
become proactively involved in the litigation have until December 29,
2017 to seek appointment as lead plaintiff.
If you wish to choose counsel to represent you and the class, you must
apply to be appointed lead plaintiff and be selected by the Court. The
lead plaintiff will direct the litigation and participate in important
decisions including whether to accept a settlement for the class in the
action. The lead plaintiff will be selected from among applicants
claiming the largest loss from investment in Ford securities during the
Class Period. Members of the class will be represented by the lead
plaintiff and counsel chosen by the lead plaintiff. No class has yet
been certified in the above action.
The complaint accuses the defendants of violations of the Securities
Exchange Act of 1934 by virtue of the defendants’ failure to disclose
during the Class Period that flaws in the Company’s manufacturing
processes, supply chain, and/or quality control rendered at least
841,000 Ford vehicles unsafe to drive, which would subject Ford to
additional regulatory scrutiny and impact the Company’s profitability.
According to the complaint, following an October 27, 2017 announcement
of a preliminary investigation by the U.S. National Highway Traffic
Safety Administration into 841,000 Ford vehicles, citing concerns that
the vehicles’ steering wheels could detach while the vehicles are in
motion, the value of Ford shares declined significantly.
If you have suffered a loss in excess of $100,000 from investment in
Ford securities purchased on or after February 18, 2014 and held through
the revelation of negative information during and/or at the end of the
Class Period and would like to learn more about this lawsuit and your
ability to participate as a lead plaintiff, without cost or obligation
to you, please visit our website at http://www.browerpiven.com/casesandinvestigations.html.
You may also request more information by contacting Brower Piven either
by email at hoffman@browerpiven.com
or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s. If you choose to retain counsel,
you may retain Brower Piven without financial obligation or cost to you,
or you may retain other counsel of your choice. You need take no action
at this time to be a member of the class.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171113005979/en/
Contacts:
Brower Piven, A Professional Corporation
Charles J. Piven,
410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153
hoffman@browerpiven.com
Source: Brower Piven, A Professional Corporation
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