Levi & Korsinsky LLP announces the filing of a class action lawsuit in the United States District Court for the Eastern District of Virginia on behalf of shareholders of Volkswagen AG (OTCMKTS: VLKAY, VLKPY, VLKAF) who purchased American Depositary Shares between November 19, 2010 and September 21, 2015.
The complaint alleges that defendants violated the Securities Exchange Act of 1934 by failing to disclose during the Class Period that the Company had installed software called a “defeat device” on 482,000 of its diesel cars in the United States in order to evade federal emission regulations and trick regulators into thinking cars met the standards of the Clean Air Act, potentially exposing people to up to 40 times the standard level of harmful pollutants. If you suffered a loss in Volkswagen you have until November 24, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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