Energy News / Shareholders Foundation, Inc.

Notice: Investigation on Behalf of Consumers Who Purchased or Leased a BMW from BMW AG (OTC:BMWYY) Announced

Via: ReleaseWire

Updated 12:15 PM CDT, Wed, September 06,2017

An investigation for consumers who purchased or leased a BMW from BMW AG (OTC:BMWYY) was announced.

San Diego, CA -- (SBWIRE) -- 09/06/2017 -- An investigation was announced for consumers who purchased or leased a BMW from BMW AG (OTC:BMWYY).

Consumers who purchased or leased a BMW from a Dealership from BMW AG (OTC:BMWYY), 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 BMW AG (OTC:BMWYY) 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.

Those who purchased or leased a BMW from a Dealership from BMW AG (OTC:BMWYY), 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/notice-investigation-on-behalf-of-consumers-who-purchased-or-leased-a-bmw-from-bmw-ag-otcbmwyy-announced-859445.htm

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