Volkswagen Aktiengesellschaft (FRA: VOW & VOW3, OTC: VLKAY & VLKPY)
Superior Court of Quebec, Court File No.: 500-06-000838-173
Andrew Morganti and Albert Pelletier have become members of Kim Spencer McPhee Barristers, P.C., and the authoritative page for this securities litigation can now be found at our new website.
On behalf of Québec-based investors, only.
THE SUPERIOR COURT OF QUÉBEC HAS AUTHORIZED THE BRINGING OF A CLASS ACTION ON BEHALF OF ALL QUÉBEC-BASED INVESTORS THAT PURCHASED VW’S DEBT AND EQUITY SECURITIES DURING THE CLASS PERIOD. PLEASE SEE THE NOTICE TO CLASS MEMBERS FOR FURTHER DETAILS.
This shareholder class action is on behalf of Québec-domiciled purchasers of the debt and equity securities of Volkswagen Aktiengesellschaft (hereafter “VW”). The claim alleges that VW released investor documents containing affirmative misrepresentations and omissions of material fact that it secretly installed software to manipulate the quantity of pollutants being discharged from certain of its diesel engines while the vehicles with said diesel engines were being tested for compliance with the applicable emissions standards.
In addition to containing the aforementioned misrepresentation, VW’s disclosure documents stressed that its investment quality was not measured solely on the basis of units sold or financial performance, but rather, included all areas of the Company such as being “more environmentally friendly” and “sustainable mobility” by being the first automaker to commit to cutting NO2 emissions.