WELCOME TO THE NEW YORK STATE TEACHERS’
RETIREMENT SYSTEM V. GENERAL MOTORS COMPANY
SECURITIES LITIGATION WEBSITE

This is a security class action (the "Action") that was brought by investors alleging, among other things, that Defendants violated the federal securities laws by making false and misleading statements and omitting material information about GM’s product warranty and recall liabilities, internal controls and commitment to safety.

Lead Plaintiff New York State Teachers’ Retirement System, on behalf of itself and the Settlement Class, achieved a settlement of the Action for $300,000,000 in cash (the “Settlement”) resolving all claims in the Action. The Court held a hearing to consider approval of the Settlement on April 20, 2016. On May 19, 2016, the Court entered an Opinion and Order approving the Settlement as fair, reasonable and adequate, approving the Plan of Allocation, and awarding attorneys’ fees and expenses.

If you are a member of the Settlement Class, your rights will be affected and you may be eligible for a payment from the Settlement. The Settlement Class consists of:

all persons and entities who purchased or otherwise acquired General Motors Company ("GM") common stock during the period from November 17, 2010 through July 24, 2014, inclusive, and who were damaged thereby, except for certain persons and entities who are excluded from the Settlement Class by definition (see paragraph 18 of the Notice) or who request exclusion pursuant to the instructions set forth in the Notice.

Please read the Notice to fully understand your rights and options. Copies of the Notice can be found on the menu at the left of this page.

On June 13, 2016, a class member who had objected to the approval of the Settlement in the District Court appealed the judgment approving the Settlement. The Sixth Circuit Court of Appeals denied that appeal on November 27, 2017. The objector filed a petition for certiorari to the U.S. Supreme Court and, on October 29, 2018, the Supreme Court denied the objector’s petition, resolving the appeal.

Now that the appeal has been resolved, the distribution of the settlement proceeds to Settlement Class Members may now proceed. The Claims Administrator and Lead Counsel are currently preparing a motion to the District Court for approval of the distribution.