Some are embroiled in a new lawsuit over the automaker’s overestimation of certain features. This Honda class action lawsuit is for those who bought stock in the parent company and lost money as a result of the troubles. Below is a complete list of impacts from Honda and Acura, as well as dates for those who may have invested over time.
Is there a class action lawsuit against Honda?
A new note that the law firm Wolf Haldenstein Adler Freeman & Herz LLP has filed a new lawsuit against Honda for investors. This lawsuit relates to the ongoing class action lawsuit over the defective. Vehicles included are 2018-2020 Honda Odyssey, 2016-2020 Honda Pilot, 2019-2020 Honda Passport, 2015-2020 Acura TLX, and 2015-2020 Acura MDX.
says the allegations state that after the vehicle’s engine temporarily stalled, the car failed to restart the engine as intended. This prevented drivers from moving through traffic or on the road at times, putting drivers in a dangerous situation. While the issue is ongoing, this lawsuit is for investors who may have lost money as a result of the matter.
Those who bought American Depository Shares (“ADS”) of Honda Motor Co. stock between June 20, 2018 and September 28, 2022, may be able to join the lawsuit. The company says Honda knew the Idle Stop feature was problematic and did nothing to fix the problem.
Investors who bought shares can join this Honda class action lawsuit
Wolf Haldenstein Adler Freeman & Herz argues that Honda overestimated the effectiveness and safety of the Idle Stop and offered insufficient disclosure controls and procedures for product quality and safety. As a result of the ongoing problems with , he left the company with a higher risk of litigation and financial issues. The law firm says Honda’s public statements were false and misleading, particularly in the 2019 Passport Press Kit.
“As with all Honda vehicles, the 2019 Passport is designed to provide a high level of safety performance, starting with predictable and stable driving dynamics that help drivers maintain control of their vehicle in a wide variety of environments. and driving circumstances, including maneuvering to avoid emergencies.”
Honda
Finally, the lawsuit alleges that Honda was aware of the problem before even marketing Honda and Acura vehicles, but failed to do anything. Honda’s ADS price fell $0.74 per share, or 3.23%, to $22.19 per ADS on September 29, 2022.
Honda and Acura have not fixed the idle stop issue in some cases
Investors with “substantial losses” may join a class action lawsuit with Robbins Geller Rudman & Dowd LLP. This lawsuit alleges that the American Honda Motor Company and certain senior executives violated the Securities Exchange Act of 1934.
He said he opened an investigation in June 2022. On the website, the 2019 Honda Passport still has many customer complaints about the Idle Stop issue. A complaint notes that the SUV stalled in a busy intersection and would not restart. Once towed to the dealership, Honda was unable to complete the repair due to missing ECU modules.
If you invested in Honda or Acura at the time, you may be able to join class action lawsuits. Both linked press releases contain information for investors to contact the appropriate law firms. If you think your Honda Pilot, Odyssey, Passport, Acura TLX, or Acura MDX is affected by the Idle Stop issue, you can check the NHTSA website with a Vehicle Identification Number (VIN) lookup.
