SOURCE: Kahn Swick & Foti, LLC

October 16, 2015 22:00 ET

VOLKSWAGEN SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Volkswagen AG - VLKAY, VLKPY & VLKAF

NEW ORLEANS, LA--(Marketwired - Oct 16, 2015) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until November 24, 2015 to file lead plaintiff applications in a securities class action lawsuit against Volkswagen AG (OTCQX: VLKAY) (OTCQX: VLKPY) (OTCQX: VLKAF) if they purchased the Company's American Depository Receipts ("ADRs") between November 19, 2010 and September 21, 2015, inclusive (the "Class Period"). This action is pending in the United States District Court for the Eastern District of Virginia.

What You May Do

If you purchased shares of Volkswagen and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by November 24, 2015.

About the Lawsuit

Volkswagen and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. 

On September 18, 2015, the Environmental Protection Agency ("EPA") accused Volkswagen of installing software called a "defeat device" on 482,000 diesel cars in the U.S. to evade federal emission regulations and trick regulators into thinking that the cars met the standards of the Clean Air Act, potentially exposing people to up to 40 times the standard level of harmful pollutants. The EPA also said that Volkswagen admitted to investigators that it had installed the defeat device. 

On this news, the price of Volkswagen's ADRs plummeted.

About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact Information

  • Contact:

    Kahn Swick & Foti, LLC
    Lewis Kahn, Managing Partner
    lewis.kahn@ksfcounsel.com
    1-877-515-1850
    206 Covington St.
    Madisonville, LA 70447