Violation Tracker Individual Record

Company: 
General Motors
Current Parent Company: 
General Motors
Penalty: 
$5,750,000
Year: 
2021
Date: 
February 12, 2021
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

The California Attorney General announced a $5.75 million settlement with General Motors , resolving allegations that GM made false and misleading statements to investors, including the state's largest pension system, regarding the costs the company would incur due to its ignition switch problems.

Level of Government: 
state
Action Type: 
agency action
Agency: 
California Attorney General
Civil or Criminal Case: 
civil
Facility State: 
California
HQ Country of Parent: 
USA
HQ State of Parent: 
Michigan
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
motor vehicles
Specific Industry of Parent: 
motor vehicles
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.