TORONTO–(BUSINESS WIRE)–Morganti Legal, P.C., a cross border shareholders’ rights law firm, has commenced a shareholder lawsuit against Volkswagen AG (“VW”) for publishing investor documents containing misrepresentations of material fact about its business operations between March 12, 2009 and September 18, 2015.
The lawsuit alleges that VW published core and non-core investor documents with misrepresentations about is business operations and, specifically, that it secretly installed software to manipulate the quantity of pollutants being discharged from certain of its diesel engines in order to give the false appearance that its diesel vehicle engines discharged materially less pollutants than they actually did discharge.
The Ontario-based shareholders allege that these misrepresentations resulted in the market price and value of VW’s securities being artificially inflated or otherwise over-valued as reflected by a portion of the drop in the market price after the release of the corrective disclosures on September 20, 2015.
Canadian-based investors that purchased VW’s securities listed on the New York and Frankfurt Stock Exchanges prior to the Corrective Disclosure may have an opportunity to recover their financial losses. Canadian investors are encouraged to contact Morganti Legal to register their interest and determine their financial losses, if any. Investors will not be charged for this service.
About Morganti Legal
You may learn more about Morganti Legal online at www.morgantilegal.com. Since June 1999, Mr. Morganti has represented investors and is licensed to provide legal opinions about the Ontario Securities Act and the U.S. federal securities laws.
You may contact Morganti Legal toll-free at (888) 226-0845 or by email at [email protected] for further information. This press release may be considered attorney advertising in some jurisdictions under the applicable law and ethical rules.
Andrew Morganti, 647-344-1900