Ryan & Maniskas, LLP Announces Investigation of General Motors Company

  Ryan & Maniskas, LLP Announces Investigation of General Motors Company

Business Wire

WAYNE, Pa. -- June 22, 2012

Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/gm) has commenced an
investigation into potential securities law violations by certain officers of
General Motors Company (“GM” or the “Company”) (NYSE: GM) and several
underwriting investment banks for possible violations of the federal
securities laws in connection with the Company’s November 18, 2010 Initial
Public Offering (the ”IPO”).

GM shareholders who purchased their shares pursuant and/or traceable to GM’s
IPO should contact Richard A. Maniskas, Esquire at 877-316-3218 or at
rmaniskas@rmclasslaw.com to learn more about this investigation.

The investigation surrounds the allegation that the Registration Statement and
Prospectus issued by GM in connection with the IPO were false, misleading and
in violation of the Securities Act of 1933 by falsely reassuring investors
that GM was actively managing their production levels through monitoring of
dealer inventory. In addition, GM assured investors that in 2011, it would
improve inventory management, which would improve average transaction price.

A July 5, 2011 article published by Bloomberg revealed that GM may have been
stuffing its channels with excess inventory. The article stated that its truck
inventory had ballooned to an average of 122 days worth of average sales
compared to 60 to 70 days for most other models. Indeed, GM had to close two
U.S. pickup truck plants for two weeks in July 2011 as sales of pickups begin
to wane and trucks are backlogged on dealer lots. In the three months
following the article, GM’s share price fell from more than $31.00 to below
$20.00, far below the IPO price of $33.00.

If you purchased the common stock and/or preferred shares of GM pursuant
and/or traceable to the Company’s IPO and would like to learn more about these
claims or if you wish to discuss these matters and have any questions
concerning this announcement or your rights, contact Richard A. Maniskas,
Esquire toll-free: (877) 316-3218 or visit: www.rmclasslaw.com/cases/gm. You
may also email Mr. Maniskas at rmaniskas@rmclasslaw.com. For more information
about class action cases in general, please visit our website:
www.rmclasslaw.com.

Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan &
Maniskas, LLP is devoted to protecting the interests of individual and
institutional investors in shareholder actions in state and federal courts
nationwide.

Contact:

Ryan & Maniskas, LLP
Richard A. Maniskas, Esquire, 877-316-3218
rmaniskas@rmclasslaw.com
www.rmclasslaw.com/cases/gm