Investor sues General Motors over recall - 21 News Now, More Local News for Youngstown, Ohio -

Investor sues General Motors over recall

Posted: Updated:

DETROIT, Mich. - One of the latest lawsuits following in the wake of the General Motors recall of 1.6-million cars has been filed by an investor.

A civil lawsuit filed by George Pio in U.S. District Court in Detroit claims that General Motor's stock value has fallen since it was revealed that the Justice Department would be investigating GM's actions leading up to the recall of seven models, including the Lordstown made Chevy Cobalt.

The National Highway Traffic Safety Administration and congress is investigating GM's handling of the problem, which has been linked to 13 traffic deaths.

GM has acknowledged it was aware of the problem a decade ago but didn't recall the cars until last month.

Pio's suit, which calls GM's actions illegal and immoral, seeks damages and wants the suit to be declared a class action so other investors can join.

Several civil law suits have been filed against GM in federal courts in five states and in a Canadian court as well.

Many of the suits focus on people who feel that their recalled car has lost value, or that they are afraid to drive the car.

A lawsuit has also been filed on behalf of the estates of two Wisconsin teenage girls who died, and one who was injured when their Chevy Cobalt crashed in 2006.

The lawsuit claims that their car was one of the recalled cars, and that the airbags failed to activate and the ignition switch was in the accessory position, indicating power steering, power brakes and air bags could not have functioned properly.

  • More From wfmj.comMore>>

  • WWII vet, 86, beaten outside Ohio hospital

    WWII vet, 86, beaten outside Ohio hospital

    Tuesday, September 2 2014 7:30 PM EDT2014-09-02 23:30:35 GMT
    CINCINNATI (AP) - Authorities say an 86-year-old World War II veteran is recovering after being beaten outside a southwest Ohio hospital where he was visiting his ailing wife. WCPO-TV reports that Paul Browning was outside Good Samaritan Hospital when the attack happened Sunday. He was there visiting his wife, who is recovering from a stroke. Family members say Browning was left bruised and swollen, and was expected to be hospitalized a few days. Officers arrested 30-year-old Craig Phelps. H...More >>
    CINCINNATI (AP) - Authorities say an 86-year-old World War II veteran is recovering after being beaten outside a southwest Ohio hospital where he was visiting his ailing wife. WCPO-TV reports that Paul Browning was outside Good Samaritan Hospital when the attack happened Sunday. He was there visiting his wife, who is recovering from a stroke. Family members say Browning was left bruised and swollen, and was expected to be hospitalized a few days. Officers arrested 30-year-old Craig Phelps. H...More >>
  • Lightning kills boy swimming in Pennsylvania creek

    Lightning kills boy swimming in Pennsylvania creek

    Monday, September 1 2014 3:09 PM EDT2014-09-01 19:09:34 GMT
    Authorities say a lightning strike has killed a boy who was swimming in a central Pennsylvania creek.More >>
    Authorities say a lightning strike has killed a boy who was swimming in a central Pennsylvania creek.More >>
  • Ohio police: Wedding guest tries to steal gifts

    Ohio police: Wedding guest tries to steal gifts

    DAYTON, Ohio (AP) - Police in Dayton say a wedding guest tried to make off with checks and cash for the newlyweds. Officers were called to the wedding reception late Saturday night after workers noticed that a safe had been emptied out. Police say about $6,800 was found in unopened wedding cards inside a tuxedo garment bag belonging to one of the guests. A police report says surveillance video showed a man entering the office and later walking out with the garment bag. The man told police he...More >>
    DAYTON, Ohio (AP) - Police in Dayton say a wedding guest tried to make off with checks and cash for the newlyweds. Officers were called to the wedding reception late Saturday night after workers noticed that a safe had been emptied out. Police say about $6,800 was found in unopened wedding cards inside a tuxedo garment bag belonging to one of the guests. A police report says surveillance video showed a man entering the office and later walking out with the garment bag. The man told police he...More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 Worldnow and WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms