General Electric Company (NYSE: GE) Investor Securities Class Action Lawsuit 07/30/2008

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Company Name(s): 
General Electric Company
Case Name: 
General Electric Company Shareholder Class Action Lawsuit 07/30/2008
Case Status: 
Case Dismissed
Affected Securities
NYSE: GE
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Date Filed: 
07/30/2008
Class Period Begin: 
03/12/2008
Class Period End: 
04/10/2008
Court of Filing: 
United States District Court for the District of Connecticut
Deadline To File for Lead: 
09/29/2008
Case Dismissed: 
07/28/2010
Summary: 

August 27, 2010 - The lead plaintiffs filed an appeal.

July 28, 2010 - The court closed the case.

July 15, 2010 - The court granted defendants' motion to dismiss.

March 13, 2009 - Defendants filed a motion to dismiss.

January 16, 2009 - The lead plaintiffs filed an amended consolidated complaint.

October 29, 2008 - Lead plaintiffs and lead counsel were appointed.

October 7, 2008 - All cases were consolidated.

September 29, 2008 - Lead plaintiff motions were filed.

July 30, 2008 - Two investors in shares of General Electric Company (NYSE: GE) filed a lawsuit in the U.S. District Court for the District of Connecticut on behalf of all common stock purchasers from March 12th, 2008 through April 10th, 2008 against General Electric Company, its CEO Jeff R. Immelt and CFO Keith S. Sherin over alleged security fraud by General Electric Company for failing to disclose deteriorating business conditions during the first quarter, that ended with an unexpected drop in profitability, bringing the sharpest drop in General Electric Company shares seen in two decades.