Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Bayerische Motoren Werke AG (OTC: BMWYY) violated securities laws in connection with certain financial statements.

The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Bayerische Motoren Werke AG (OTC: BMWYY) concerning whether a series of statements by Bayerische Motoren Werke AG regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On December 23, 2019, a report by the Wall Street Journal claimed that the SEC is investigating BMW’s sales practices, specifically, whether BMW engaged in a practice known as “sales punching.” Sales punching occurs when a company boosts sales figures by having dealers register cars as sold when the vehicles are still on car lots.

On this news, OTC: BMWYY fell $0.36, or 1.3% to close at $26.96 on December 23, 2019.

Based in Munich, Germany, and founded in 1916 Bayerische Motoren Werke AG develops, manufactures, and sells automobiles and motorcycles, and spare parts and accessories worldwide.

If you purchased shares of Bayerische Motoren Werke AG (OTC: BMWYY) on or before December 23, 2019, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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