GPM Announces the Filing of a Securities Class Action on Behalf of Volkswagen AG Investors

Glancy Prongay & Murray LLP (“GPM”) announces the filing of a class action lawsuit on behalf of investors of Volkswagen AG (“Volkswagen” or the “Company”) (OTC: VLKAY) securities between November 19, 2010 and September 21, 2015 (the “Class Period”). Volkswagen investors have until November 24, 2015 to file a lead plaintiff motion, and investors are encouraged to contact GPM to discuss their legal rights.

Volkswagen admitted to systematically cheating on U.S. air pollution tests for years, leaving the automaker vulnerable to billions in fines and possible criminal prosecution. The Company allegedly sold diesel Volkswagen and Audi cars with software that turns on full pollution controls only when the car is undergoing official emissions testing. However, during normal driving, the Company’s cars can pollute 10 times to 40 times the legal limits. U.S. authorities could fine the Company $37,500 per vehicle, and with over 500,000 vehicles as part of the investigation, the total fine could be $18 billion. On news of the alleged fraud, the Company’s shares declined sharply in value thereby damaging investors.

The complaint alleges that the Company and its officers have intentionally misled consumers and investors regarding the Company’s compliance with applicable emissions standards. Investors in Volkswagen securities have been greatly injured by the Company’s disclosure that Volkswagen has intentionally misled U.S. and foreign authorities regarding its compliance with emissions standards by implementing a “cheating system” to evade detection of emissions that were multiples above the approved limits.

If you purchased Volkswagen securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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