Energy News / Shareholders Foundation, Inc.

Investigation for Investors in Shares of Volkswagen AG (ADR) (OTCMKTS:VLKAY) over Possible Violations of Securities Laws

Via: ReleaseWire

Updated 12:00 PM CDT, Wed, August 09,2017

An investigation for investors in Volkswagen AG (ADR) (OTCMKTS:VLKAY) shares over potential securities laws violations by Volkswagen AG was announced.

San Diego, CA -- (SBWIRE) -- 08/09/2017 -- Volkswagen AG is under investigation over potential violations of securities laws. The investigation was announced for investors in shares of Volkswagen AG (ADR) (OTCMKTS:VLKAY) in connection with certain financial statements made by Volkswagen AG.

Investors who purchased shares of Volkswagen AG (ADR) (OTCMKTS:VLKAY), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm focuses on whether a series of statements by Volkswagen AG regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On July 25, 2017, a lawsuit was filed in U.S. District Court for the District of New Jersey against Porsche AG, Volkswagen AG, Audi AG, BMW AG, and Mercedes-Benz USA, alleging violations of federal antitrust laws.

Specifically, the complaint alleges that since 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."

Then on July 28, 2017, a similar complaint was filed in U.S. District Court for the Northern District of California, and another complaint was filed in the District of New Jersey.

Shares of Volkswagen AG (ADR) (OTCMKTS:VLKAY) declined to $30.79 per share on August 7, 2017.

On August 8, 2017, OTCMKTS:VLKAY shares closed at $30.83 per share.

Those who purchased shares of Volkswagen AG (ADR) (OTCMKTS:VLKAY) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/investigation-for-investors-in-shares-of-volkswagen-ag-adr-otcmktsvlkay-over-possible-violations-of-securities-laws-845562.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com