NEW YORK–(BUSINESS WIRE)–Zamansky LLC announces that it is investigating the officers and directors of Ford Motor Company (NYSE: F) (“Ford” or the “Company”) for potential breaches of fiduciary duty to the Company. Specifically, the investigation relates to Ford’s potential multi-billion dollar exposure for defective dual-clutch transmissions of 2012-2016 Focus and 2011-16 Fiesta sedans. According to a consumer class action, there are 1.9 million customers who are affected.
According to Jake Zamansky, an investment fraud attorney, Ford’s officers and directors owe the Company a fiduciary duty. The Company issued more than 20 technical service bulletins relating to the Focus and Fiesta models, with none of them being a “consistently reliable repair,” reported Carscoops in 2017. According to a recent Detroit Free Press article, Ford acknowledged that it was “overwhelmed with complaints,” and that it “let its customers down.” Our investigation is whether Ford officers and directors breached their fiduciary duties to the Company in the way they handled and reported on this problem, Zamansky states.
What Ford Shareholders Can Do
If you are a current Ford shareholder who has invested and held shares since 2010, please contact us to review or discuss your legal rights. You may, without obligation or cost to you, email [email protected] or call the law firm at (212) 742-1414.
About Zamansky LLC
Zamansky LLC is a leading investment fraud law firm with experience handling securities, hedge fund, ERISA and other shareholder class action and derivative litigation. We are investment fraud attorneys who represent both individual and institutional investors. Our practice is nationally recognized for our ability to aggressively prosecute cases and recover investment losses.
To learn more about Zamansky LLC, please visit our website, http://www.zamansky.com.
Jake Zamansky, 212-742-1414