NEW YORK--(BUSINESS WIRE)--The Klein Law Firm announces the commencement of an investigation of Volkswagen AG (OTC PINK: VLKAY, VLKPY) concerning possible violations of federal securities laws.
On July 25, 2017, a class action was filed in U.S. District Court for the District of New Jersey against Porsche AG, Volkswagen, Audi AG, BMW AG, and Mercedes-Benz USA, alleging violations of federal antitrust laws. The complaint alleges that, beginning in 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.” On July 28, 2017, similar complaints were filed in the U.S. District Court for the Northern District of California and in the District of New Jersey. On news of the antitrust lawsuits, Volkswagen’s share price fell sharply.
If you suffered a loss in Volkswagen and wish to obtain additional information, please contact Joseph Klein, Esq. by telephone at 212-616-4899 or visit http://www.kkclasslaw.com/VLKAY-Info-Request-Form-205.
Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.