Garrett Motion Inc.
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Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Garrett Motion Inc. (OTC: GTXMQ) from October 1, 2018 through September 18, 2020 (the “Class Period”). The lawsuit seeks to recover damages for Garrett Motion Inc. investors under the federal securities laws.
If you bought Garrett Motion Inc. securities between October 1, 2018 through September 18, 2020, and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against Garrett Motion Inc. – GTXMQ
New York, N.Y., October 5, 2020. Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Garrett Motion Inc. (OTC: GTXMQ) between October 1, 2018 and September 18, 2020, inclusive (the “Class Period”).
To join the GTXMQ class action, go to http://zhanginvestorlaw.com/cases/garrett-motion-inc/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email firstname.lastname@example.org for information on the class action.
Lead plaintiff status is not required to seek compensation. You may retain counsel of your choice. You may remain an absent class member and take no action at this time.
According to the lawsuit, throughout the Class Period (1) due to its agreement to indemnify and reimburse Honeywell for certain asbestos-related liability, Garrett was saddled with an unsustainable level of debt; (2) as a result, Garrett had a highly leveraged capital structure that posed significant challenges to its overall strategic and financial flexibility; (3) as a result of the foregoing, Garrett’s ability to gain or hold market share was impaired; (4) as a result of the foregoing, the Company was reasonably likely to seek bankruptcy protection; and (5) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 24, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/garrett-motion-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at email@example.com.
Zhang Investor Law represents investors worldwide.