This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Hagens Berman Opens Investigation On G.M. Safety Issues

Stocks in this article: GM

Hagens Berman, a consumer law firm that recently settled a case on behalf of Toyota owners for $1.6 billion, has opened an investigation concerning claims by G.M. (NYSE: GM) car owners of potentially serious defects that could cause the cars’ engine and electrical system to shut off while the autos are in operation in 1.6 million G.M. cars – including operation of the airbag systems – a problem that has sparked a government inquiry and has reportedly led to at least 12 deaths and more than 300 crashes.

Those who have experienced issues with the electric systems shutting down or are concerned with the safety of their G.M. vehicles are urged to contact Hagens Berman by emailing generalmotors@hbsslaw.com or by visiting www.hbsslaw.com/cases-and-investigations/cases/general-motors.

Earlier this year, G.M. began recalling vehicles in the U.S., including 2005-2007 Chevrolet Cobalts, 2007 Pontiac G5 models and last month extended the recall to include 2003-7 Saturn Ions, 2006-7 Chevrolet HHRs, 2006-7 Pontiac Solstice and Saturn Sky models.

According to published reports and government documents, G.M. had knowledge of the serious defect as early as 2001, but critics charge that the company ignored warnings of the defect’s severity and did not warn consumers.

“We are looking closely at this case and developing a range of legal approaches that we believe will give consumers the best chance at recovering damages from G.M. if the allegations of wrongdoing prove to be true,” said Steve Berman, managing partner of Hagens Berman and lead counsel of the recently completed Toyota sudden unintended acceleration litigation. “The bottom line is that more than a million owners drove cars with a dangerous defect for years because G.M. didn’t want to come clean, and I will use all my resources and experience to figure out the best way to make the owners safe and whole.”

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs