General Electric Co is being sued by shareholders who are accusing the company of concealing insurance liabilities and an SEC investigation, saying it cost shareholders tens of billions of dollars. The lawsuit seeks damages on behalf of shareholders from Feb. 26, 2013, to Jan. 24, 2018.
GE’s market value fell to roughly $143 billion by the end of the class period from more than $290 billion in July 2016.
GE faces shareholder lawsuit over insurance shortfall, SEC probe:
