Did GM's failure promptly to recall defective cars constitute state-law consumer fraud?

The Arizona attorney general sued GM today saying just that. Read about the suit here. An excerpt:

Arizona's attorney general has sued General Motors Co. for failing to recall millions of cars and trucks with safety defects the auto giant did not disclose for years. The lawsuit seeks potentially billions of dollars in fines. Attorney General Tom Horne said Thursday that he sued under the state's consumer fraud statutes and is seeking a $10,000 fine for each of hundreds of thousands of defective vehicles sold in the state. The lawsuit filed in Maricopa County Superior Court in Phoenix also seeks an injunction barring GM from similar actions and an order that it hand over profits it made from selling defective vehicles.

Read another article here.