STEVENSON, Md. -- (Business Wire)
The securities litigation law firm of Brower Piven, A Professional
Corporation, announces that a class action lawsuit has been commenced in
the United States District Court for the Eastern District of New York on
behalf of purchasers of Volkswagen AG (OTC: VLKPY, VLKAY) (“Volkswagen
AG” or the “Company”) securities during the period between March 14,
2013 through July 26, 2017, inclusive (the “Class Period”). Investors
who wish to become proactively involved in the litigation have until
October 30, 2107 to seek appointment as lead plaintiff.
If you wish to choose counsel to represent you and the class, you must
apply to be appointed lead plaintiff and be selected by the Court. The
lead plaintiff will direct the litigation and participate in important
decisions including whether to accept a settlement for the class in the
action. The lead plaintiff will be selected from among applicants
claiming the largest loss from investment in Volkswagen AG securities
during the Class Period. Members of the class will be represented by the
lead plaintiff and counsel chosen by the lead plaintiff. No class has
yet been certified in the above action.
The complaint accuses the defendants of violations of the Securities
Exchange Act of 1934 by virtue of the defendants’ failure to disclose
during the Class Period that Volkswagen AG colluded with other auto
manufacturers on technology and supplier for decades.
According to the complaint, following a July 21, 2017 Bloomberg report
regarding the Company’s potential antitrust collusion, and a July 26,
2017 report that a lawsuit has been filed seeking damages under
antitrust and consumer protection laws, the value of Volkswagen AG
shares declined significantly.
If you have suffered a loss in excess of $100,000 from investment in
Volkswagen AG securities purchased on or after March 14, 2013 and held
through the revelation of negative information during and/or at the end
of the Class Period and would like to learn more about this lawsuit and
your ability to participate as a lead plaintiff, without cost or
obligation to you, please visit our website at http://www.browerpiven.com/currentsecuritiescases.html.
You may also request more information by contacting Brower Piven either
by email at hoffman@browerpiven.com
or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s. If you choose to retain counsel,
you may retain Brower Piven without financial obligation or cost to you,
or you may retain other counsel of your choice. You need take no action
at this time to be a member of the class.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170919006298/en/
Contacts:
Brower Piven, A Professional Corporation
Charles J. Piven,
410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153
hoffman@browerpiven.com
Source: Brower Piven, A Professional Corporation
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