NEW YORK, Oct. 13, 2015 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired American Depositary Shares of Volkswagen AG (“Volkswagen”) (OTCMKTS:VLKAY) (OTCMKTS:VLKPY) (OTCMKTS:VLKAF) between November 19, 2010 through September 21, 2015.
You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the Eastern District of Virginia. If you purchased or otherwise acquired Volkswagen ADSs between November 19, 2010 and September 21, 2015, your rights may be affected by this action. To get more information go to:
http://zlk.9nl.com/volkswagen-vlkay
or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
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.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.