Investors can the law firm at no cost to learn more about recovering their losses
LOS ANGELES, March 30, 2023 (GLOBE NEWSWIRE) — advises Honda Motor Co., Ltd (NYSE: ) investors that a lawsuit filed on behalf of investors that purchased Honda (NYSE: ) securities between June 20, 2018 and September 28, 2022, both dates inclusive (the “Class Period”).
Investors are encouraged to contact an attorney by phone 844-767-8529 or : [email protected], to discuss their legal rights, or to join the case via . The Portnoy Law Firm can provide a free case evaluation and discuss investors’ options for pursuing claims to recover their losses.
The lawsuit alleges that during the Class Period, the defendants made false and/or misleading statements or omitted important information, including: (1) Honda exaggerated the safety and effectiveness of the Idle Stop engine feature; (2) Honda lacked appropriate disclosure controls and procedures for product quality and safety; (3) this deficiency led to Honda’s failure to prevent the sale of defective vehicles containing the Idle Stop feature; (4) as a result of this behavior, Honda and/or its subsidiaries faced a higher risk of litigation, financial loss and damage to their reputation; and (5) therefore, the Company’s public statements were significantly false and misleading during the relevant period. The lawsuit claims that investors suffered losses when the true details of the matter were revealed.
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The Portnoy Law Firm represents investors in pursuing claims against causes caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar