Volkswagen AG

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Case Summary
Company Name: Volkswagen AG
Stock Symbol : OTC: VLKAY; OTC: VLKPY; OTC: VLKAF
Class Period Start: 11/19/2010
Class Period End: 09/21/2015
Lead Plaintiff motion: 11/24/2015
Date Filed: 09/25/2015
Type of Case: Securities Class Action
Court: U.S. District Court for the Eastern District of Virginia
Summary:

Volkswagen AG

Thieler Law Corp advises investors with losses exceeding $100,000 of the November 24, 2015 lead plaintiff deadline in a class action lawsuit filed against Volkswagen AG (OTC: VLKAY; OTC: VLKPY; OTC: VLKAF)  (“Volkswagen AG” or “the Company”). The suit is pending in the U.S. District Court for the Eastern District of Virginia and investors, who purchased Volkswagen securities between November 19, 2010 and September 21, 2015, have until November 24, 2015 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Volkswagen securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 866-6157 or emailing mail@thielerlaw.com .  No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Volkswagen AG failed to disclose to investors that it had utilized a "defeat device" in certain Volkswagen diesel cars. Volkswagen marketed the cars to environmentally conscious customers and alleged that the diesel cars were equipped with computer software that circumvents EPA emissions standards for certain air pollutants.  According to the EPA, the software Volkswagen developed is a “defeat device”. Diesel vehicle models defeated include Jetta, Beetle, Audi A3, Golf and the Passat  from year 2009 to 2015.

As a result of the company's false and misleading statements and omissions, Volkswagen's normal and preferred American Depositary Receipts (ADRs) traded at falsely inflated prices between November 19, 2010 and September 21, 2015, reaching highs of$54.82 and $56.55 per ADR, on December 30, 2013.

On September 18, 2105, the U.S Environmental Protection Agency (“EPA”) issued a notice of violation of the Clean Air Act to automakers Volkswagen AG and Audi AG and Volkswagen Group of America.

If you were negatively impacted by your investment in Volkswagen securities between November 19, 2010 and September 21, 2015 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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