Brower Piven Commences An Investigation Into Volkswagen AG For Possible Securities Fraud And Encourages Investors Who Have Losses In Excess of $100,000 To Contact The Firm For Additional Information
September 24, 2015 | By Business Wire News
STEVENSON, Md.
The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into Volkswagen AG (“Volkswagen” or the “Company”) (Other OTC: VLKAY) (Other OTC: VLKPY). The firm’s investigation is focusing on whether the Company and/or its officers and directors violated state or federal securities law.
On September 18, 2015, the U.S. Environmental Protection Agency issued a notice of violation of the Clean Air Act to Volkswagen for allegedly allowing certain of its diesel cars to have software that evades emission standards. On this news, shares of VLKAY fell $1.72 per share or over 4% to close at $36.31 per share on September 18, 2015 and shares of VLKPY fell $1.58 per share or over 4% to close at $36.47 per share on September 18, 2015.
On September 20, 2015, Volkswagen announced the halt of U.S. sales of some 2015 diesel cars. On this news, shares of VLKAY and VLKPY fell sharply during intraday trading on September 21, 2015, damaging investors.
If you have suffered a loss from investment in Volkswagen securities purchased from approximately mid-2007 through September 20, 2015, and would like to learn more about Brower Piven’s investigation, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.
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Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153
hoffman@browerpiven.com
