ILYM Group Blog


Hyundai Recall, 139,500 Sonatas in US on steering

Wednesday, 6 October 2010

Hyundai Motor Co. said it is voluntarily recalling 139,500 Sonata sedans in the U.S. because of a manufacturing defect that could cause drivers to lose steering control.

The recall affects 2011 models built between Dec. 11, 2009 and Sept. 10, the National Highway Traffic Safety Administration noted on its website Sunday. Some of the cars have steering column shafts with connections that may not have been tightened enough or were improperly assembled. As a result, the steering wheel could become separated from the column or a driver could lose the ability to properly steer the car.

The U.S. government had opened an investigation into possible steering problems in the vehicle in August. Hyundai, South Korea’s top automaker, has said there have been no related injuries or crashes reported.

Owners of affected vehicles can go to their dealers for inspection. Dealers also will update power steering software. Owners may also call NHTSA at 888-327-4236 for more information.

The recall comes as automakers ramp up their focus on safety and quality control in the wake of Toyota Motor Corp.’s massive global recall last year over gas pedal and floor mat problems. In February, Hyundai announced a recall of about 47,000 Sonata midsize sedans, mostly sold in South Korea, to replace front door latches following a handful of customer complaints. The company said it had discovered a mechanical problem with the latches which, in rare instances, would not close properly.

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McDonald’s Corporation: Securities Litigation

Wednesday, 2 June 2010

Third Amended Class Action Complaint For Violations Of Federal Securities Laws (2.84 MB)

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION ALLAN SELBST, On Behalf of Himself and All Others Similarly Situated, Plaintiffs, vs. McDONALD’S CORPORATION, Defendants. Case Number 04-C-2422 (Consolidated) CLASS ACTION Judge Blanche M. Manning Magistrate Judge Sidney I. Schenkier JURY TRIAL DEMANDED THIRD AMENDED CLASS ACTION COMPLAINT FOR VIOLATIONS OF FEDERAL SECURITIES LAWS Lead Plaintiffs Central States, Southeast and Southwest Areas Pension Funds, California Ironworkers Field Trust Fund and Teamsters Local No. 863 Pension Fund make the following allegations based upon the investigation of their counsel, which included a review of United States Securities and Exchange Commission (“SEC”) filings by McDonald’s Corporation (“McDonald’s” or the “Company”), as well as regulatory filings and reports, securities analysts’ reports and advisories about the Company, press releases and other public statements issued by the Company, interviews with former employees of McDonald’s.

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