Company Website:
http://www.wongesq.com/
NEW YORK -- (Business Wire)
The Law Offices of Vincent Wong announce that a class action lawsuit has
been commenced in the United States District Court for the District of
New Jersey on behalf of investors who purchased Volkswagen AG
("Volkswagen ") (OTCMKTS: VLKAY, VLKPY) securities between March
14, 2013 and July 26, 2017.
Click here to learn about the case: http://www.wongesq.com/pslra-sb/volkswagen-ag?wire=2.
There is no cost or obligation to you.
According to the complaint, throughout the Class Period, the Company
issued materially false and misleading statements and/or failed to
disclose that: (1) Volkswagen AG wrongfully colluded with other auto
manufacturers on a range of technical and pricing issues for decades;
(2) as a result, Volkswagen AG’s public statements were materially false
and misleading at all relevant times. On July 21, 2017, Bloomberg
reported that "BMW, Daimler and Volkswagen's VW, Audi, Porsche brands
met starting in the 1990s to coordinate activities related to their
vehicle technology, costs, suppliers and strategy as well as emissions
controls in diesel engines..."
On July 25, 2017, a class action was filed in U.S. District Court for
the District of New Jersey against Porsche AG, Volkswagen, Audi AG, BMW
AG, and Mercedes-Benz USA, alleging violations of federal antitrust
laws. The complaint alleges that, beginning in 2006, the carmakers
conspired “to share commercially-sensitive information and reach
unlawful agreements” in order “to impose a German automobile premium on
consumers premised on superior German engineering, while secretly
stunting incentives to innovate.”
If you suffered a loss in Volkswagen you have until October 30, 2017
to request that the Court appoint you as lead plaintiff. Your ability to
share in any recovery doesn’t require that you serve as a lead
plaintiff. To obtain additional information, contact Vincent Wong, Esq.
either via email vw@wongesq.com, by
telephone at 212.425.1140, or visit http://www.wongesq.com/pslra-sb/volkswagen-ag?wire=2.
Vincent Wong, Esq. is an experienced attorney that has represented
investors in securities litigations involving financial fraud and
violations of shareholder rights. Attorney advertising. Prior results do
not guarantee similar outcomes.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170919006411/en/
Contacts:
The Law Offices of Vincent Wong
Vincent Wong, Esq., 212-425-1140
Fax.
866-699-3880
vw@wongesq.com
Source: The Law Offices of Vincent Wong
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