Volkswagen AG Securities Litigation

Filing Deadline: June 29, 2021

If you purchased a significant amount of shares of Volkswagen AG (US TRADING VENUE: VLKAY), you have certain options. Investors should contact us before June 29, 2021.

 

Lawsuit Overview

Defendant:Volkswagen AG
Date Filed:April 30th, 2021
Class Start Date:March 29th, 2021
Class End Date:March 30th, 2021

On March 29, 2021, Volkswagen Group of America, Inc. (“VWoA”) published a “draft” of a press release announcing its purported name change to “Voltswagen” on its website for a short time. This “draft” had the incorrect date of “April 29.” On March 29, 2021, in response to the name change press release, multiple news agencies reported that they confirmed with Company insiders that the name change was real.

The Complaint alleges Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) "Voltswagen" was never going to be used by the Volkswagen, Volkswagen Group of America, Inc. ("VWoA"), or on any relevant vehicle; (2) Volkswagen, VWoA, and their spokespeople purposefully misled reporters regarding the now-purported "joke" and/or "promotion"; and (3) as a result, Defendants' public statements and statements to journalists were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

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First Identified Complaint

Gerald M. Montag, et al. v. Volkswagen AG, et al.

Date Filed:April 30th, 2021
Class Period Start:March 29th, 2021
Class Period End:March 30th, 2021
First Identified Complaint Filings
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