On or around 11/14/2017 (Ongoing date of last review)
Filing Date: August 29, 2017
According to the law firm press release, the lawsuit alleges defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Volkswagen AG wrongfully colluded with other auto manufacturers on technology and supplier for decades; (2) as a result, Volkswagen AG’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
On November 14, 2017, the Court issued an Order appointing Lead Plaintiff and Lead Counsel.
Company & Securities Information
Defendant: Volkswagen Aktiengesellschaft
Sector: Consumer Cyclical
Industry: Auto & Truck Manufacturers
Ticker Symbol: VLKAY
Company Market: OTC-BB
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Wayne Mucha , et al. v. Volkswagen Aktiengesellschaft, et al.