Cases
Ford Motor Company (NYSE: F)
Securities Class Action
Overview
Overview
- Date:
- 11/20/2017
- Company Name:
- Ford Motor Company
- Stock Symbol:
- F
- Class Period:
- FROM 2/18/2014 TO 10/26/2017
- Status:
- Closed/Complete
- Court:
- U.S. District Court: Eastern District of Michigan
NEW YORK, November 20, 2017 – Bragar Eagel & Squire, P.C. reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of Michigan on behalf of all persons or entities who purchased or otherwise acquired Ford Motor Company (NYSE: F) securities between February 18, 2014 and October 26, 2017 (the “Class Period”). Investors have until December 29, 2017 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
Ford Motor Company designs, manufactures, and services cars and trucks. The Company also provides vehicle-related financing, leasing, and insurance through its subsidiary.
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) flaws in the Company’s manufacturing processes, supply chain, and/or quality control rendered at least 841,000 Ford vehicles unsafe to drive; (ii) the foregoing issues, when revealed, would foreseeably subject Ford to additional regulatory scrutiny and impact the Company’s profitability; and (iii) as a result, Ford’s public statements were materially false and misleading at all relevant times.
On October 27, 2017, the U.S. National Highway Traffic Safety Administration (“NHTSA”) announced a preliminary investigation into 841,000 Ford vehicles, citing concerns that the vehicles’ steering wheels could detach while the vehicles are in motion. NHTSA stated that it is specifically investigating 2014-2016 model Ford Fusion sedans.
On this news, Ford’s share price fell $0.21, or 1.71%, to close at $12.06 on October 27, 2017.
If you purchased or otherwise acquired Ford securities during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
Ford Motor Company designs, manufactures, and services cars and trucks. The Company also provides vehicle-related financing, leasing, and insurance through its subsidiary.
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) flaws in the Company’s manufacturing processes, supply chain, and/or quality control rendered at least 841,000 Ford vehicles unsafe to drive; (ii) the foregoing issues, when revealed, would foreseeably subject Ford to additional regulatory scrutiny and impact the Company’s profitability; and (iii) as a result, Ford’s public statements were materially false and misleading at all relevant times.
On October 27, 2017, the U.S. National Highway Traffic Safety Administration (“NHTSA”) announced a preliminary investigation into 841,000 Ford vehicles, citing concerns that the vehicles’ steering wheels could detach while the vehicles are in motion. NHTSA stated that it is specifically investigating 2014-2016 model Ford Fusion sedans.
On this news, Ford’s share price fell $0.21, or 1.71%, to close at $12.06 on October 27, 2017.
If you purchased or otherwise acquired Ford securities during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.