VOLKSWAGEN SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick Foti, LLC Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Volkswagen AG
Nov 06, 2015
OTC Disclosure News Service
–
Kahn Swick Foti, LLC (“KSF”) and KSF partner, the former Attorney
General of Louisiana, Charles C. Foti, Jr., remind investors that they
have until November 24, 2015 to file lead plaintiff applications
in a securities class action lawsuit against Volkswagen AG (OTCMKTS:
VLKAY) (OTCMKTS: VLKPY) (OTCMKTS: VLKAF) if they purchased the Company’s
American Depository Receipts (“ADRs”) between November 19, 2010 and
September 21, 2015, inclusive (the “Class Period”). This action is
pending in the United States District Court for the Eastern District of
Virginia.
What You May Do
If you purchased shares of Volkswagen and would like to discuss your
legal rights and how this case might affect you and your right to
recover for your economic loss, you may, without obligation or cost to
you, call toll-free at 1-877-515-1850 or email KSF Managing Partner
Lewis Kahn (lewis.kahn@ksfcounsel.com).
If you wish to serve as a lead plaintiff in this class action, you must
petition the Court by November 24, 2015.
About the Lawsuit
Volkswagen and certain of its executives are charged with failing to
disclose material information during the Class Period, violating federal
securities laws.
On September 18, 2015, the Environmental Protection Agency (“EPA”)
accused Volkswagen of installing software called a “defeat device” on
482,000 diesel cars in the U.S. to evade federal emission regulations
and trick regulators into thinking that the cars met the standards of
the Clean Air Act, potentially exposing people to up to 40 times the
standard level of harmful pollutants. The EPA also said that Volkswagen
admitted to investigators that it had installed the defeat device.
On this news, the price of Volkswagen’s ADRs plummeted.
About Kahn Swick Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General
Charles C. Foti, Jr., is a law firm focused on securities, antitrust and
consumer class actions, along with merger acquisition and breach of
fiduciary litigation against publicly traded companies on behalf of
shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151106006082/en/
Copyright © 2015 Businesswire. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
