Volkswagen Dieselgate Scandal

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Volkswagen Dieselgate Scandal







June 6, 2008 — September 25, 2015

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    Holders of Volkswagen and Porsche Securities

    To request more information about the Volkswagen or Porsche litigations please contact Battea Global Litigation Research at 203-987-4949.

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    Shares to be Registered: 

    This registration is related to a claim for losses against VW by VW holders or Porsche holders that also held VW shares. What to do? Registration of Volkswagen and Porsche Securities claims related to Litigation against VW in District Court in Braunschweig before May 24, 2017.

    Porsche Shares: Shareholders that only held Porsche shares should contact ISAF for information about some possible options relating to litigation or registration of claims in the District and Higher Regional Courts in Stuttgart, the geographically based jurisdiction of Porsche.

    To request more information about the Volkswagen or Porsche litigations please contact Battea Global Litigation Research at 203-987-4949.

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    Preliminary Allegations

    The Volkswagen diesel engine emissions “cheat devices” scandal.

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    Case Summary

    Class action brought on behalf of a group of international investors from the US, Europe and Canada that suffered losses from the drop in VW shares traded on the Borse Xetra exchange during the period June 6, 2008 and September 25, 2015.

Case Updates

It is critical for investors that purchased shares of Volkswagen AG (“VW”) securities listed on the Deutsche Börse Xetra (“DB Xetra”) exchange in Germany to understand how to access potential damages awards that may result from litigation or settlement with VW, in connection with the Volkswagen diesel engine emissions “cheat devices” scandal. The US class action litigation against VW only covers American Depository Shares (“ADS”) trading on the New York Stock Exchange (“NYSE”). The vast majority of losses for many investors were suffered in the VW shares trading on the DB Xetra exchange in Frankfurt. Therefore, in order to be eligible to participate in any future settlements or damages awards for such losses, investors have to proactively opt-in to organized collective group litigations (coalitions), in Europe, unless of course they decide to initiate litigation on their own.

Battea has studied the available litigation options and continues to stay abreast of developments on behalf of our clients. In addition to our regular process of data handling, loss calculations, class action claims filing and settlement recovery processing from inception through any ultimate settlement recovery, we are available to review, and provide input and assistance to clients to articulate available options.

Battea Global Litigation Research, LLC published the Volkswagen Independent Securities Litigation Overview, a discussion document which explains two types of claims – Inflation Claims and Rescission Claims – and reviews a number of factors that are relevant when analyzing possible loss recovery options, including jurisdiction, Statutes of Limitation, anonymity, adverse or counter-party risk and other opt-in coalition issues.

Next Steps

AUGUST 13, 2019:

TILP Litigation Rechtsanwaltsgesellschaft mbH, announced in a press release a “very good day for the plaintiffs” in the Court of Appeal of Brunswick. On the September 24th, 2019, The Wall Street Journal published an article surrounding the charges filed against CEO Hebert Diess. They referenced shareholder losses and corresponding claims:  “If the defendants were found guilty of the charges, it would boost claims by shareholders who are seeking around €9 billion ($10 billion) in damages to recoup share losses after the emissions cheating was disclosed. Volkswagen cites the shareholder suit in the risk section of its annual reports.”

To request more information about the Volkswagen or Porsche litigations please contact Battea Global Litigation Research at 203-987-4949.


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    Name: Volkswagen AG
    Country: Germany
    Industry: Auto Manufacturers
    Sector: Consumer Cyclical

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