![]() On this news, the Company’s stock fell $1.06, or roughly 6.8 percent, to close at $14.53 on June 29, 2015. ![]() The Company advised approximately 65 vehicle owners to immediately stop driving their vehicles. On June 28, 2015, the Company announced a recall that included model-year 2015 Jeep Grand Cherokee and Dodge Durango SUVs. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) flaws in the Company’s manufacturing processes, supply chain, electronic security measures, and/or quality control rendered at least 3.1 million Chrysler cars and trucks unsafe to drive (ii) the Company’s slow completion rates for recalls, slow or inadequate notifications to consumers, and faulty approaches to addressing safety issues and improper actions by dealers were not in compliance with federal laws and regulations and (iii) as a result of the foregoing, Defendants’ statements about Chrysler’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis. The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Governance Analytics (Corporate Issuer Data Verification).ISS – ISO-Information Security Whitepaper (June 2021).Portfolio Monitoring & Claims Verification. ![]() Securities Class Action Services (SCAS).Transaction Cost Analysis (LiquidMetrix).
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