September 4, 2014 - The court granted the defendants' motion to dismiss the amended complaint, dismissed the case with prejudice and ordered the case closed.
April 9, 2013 - The court approved the lead plaintiff's notice of voluntary dismissal with prejudice.

April 2, 2013 - Defendants filed motion to dismiss the amended complaint.

April 1, 2013 - The lead plaintiff filed for approval a notice of voluntary dismissal - with prejudice as to the lead plaintiff only - of claims alleging violations of section 12(a)(2) of the Securities Act of 1933. Lead plaintiff's claims alleging violations of section 11 and 15 of the Securities Act of 1933 shall proceed.

February 1, 2013 - The lead plaintiff filed an amended complaint on behalf of investors who purchased General Motors Company (NYSE: GM) common shares or Series B Mandatory Convertible Junior Preferred Stock pursuant and/or traceable to General Motors Company's initial public offering on or about November 18, 2010. The plaintiff alleges that the defendants violated the Securities Act of 1933.

November 21, 2012 - The lead plaintiff and lead counsel were appointed.

September 10, 2012 - A lead plaintiff motion was filed.

June 29, 2012 - An investor in shares of General Motors Company (NYSE: GM) filed a lawsuit in the U.S. District Court for the Southern District of New York against General Motors Company over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made on or about November 18, 2010 Initial Public Offering.

According to the complaint the plaintiff alleges on behalf of all persons or entities who purchased the common stock of General Motors Company (NYSE: GM) pursuant and/or traceable to General Motors Company’s November 18, 2010 Initial Public Offering (the “IPO”), that General Motors Company and certain of its current and former officers and directors and several underwriting investment banks violated the Securities Act of 1933. Specifically, the plaintiff alleges that the Registration Statement and Prospectus issued by General Motors Company in connection with the IPO were false and misleading.

The plaintiff says that in connection with the IPO, and in order to assuage concerns that General Motors Company was predicting revenue based on production rather than actual sales, General Motors Company allegedly falsely assured investors that it was actively managing its production by monitoring its dealer inventory levels.

General Motors Company (NYSE: GM) reported that its annual Revenue rose from $104.58 billion in 2009 to $150.27 billion in 2011 and its Net Income increased from $6.17 billion in 2010 to $9.19 billion in 2011.

However, in July 2011, reports began to surface that General Motors Company had engaged in an inventory build-up. The plaintiff says that on July 1, 2011, General Motors Company admitted on an investor conference call that it had substantially exceeded inventory targets.

Shares of General Motors Company (NYSE: GM) fell from almost $39 per share in January 2011 to as low as $20.27 per share in the end of December 2011.

On July 13, 2012, General Motors Company (NYSE: GM) shares closed at $19.62 per share.