Bernstein Liebhard, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of Garrett Motion Inc. (“Garrett” or the “Company”) (NYSE: GTX) resulting from allegations that Garrett might have issued misleading information to the investing public.
If you purchased GTX securities, and/or would like to discuss your legal rights and options please visit GTX Shareholder Investigation or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com.
Garrett is an automobile technology provider. On August 26, 2020, Garrett disclosed that the Company’s “leveraged capital structure poses significant challenges to its overall strategic and financial flexibility and may impair its ability to gain or hold market share in the highly competitive automotive supply market, thereby putting Garrett at a meaningful disadvantage relative to its peers.”
On this news, the price of Garrett’s shares fell $3.04 per share, or approximately 44% to close at $3.84 per share.
If you purchased GTX securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/garrettmotioninc-gtx-shareholder-class-action-lawsuit-stock-fraud-299/apply/ contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journals Plaintiffs Hot List thirteen times and listed in The Legal 500 for ten consecutive years.
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