NEW YORK, Aug. 02, 2016 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of U.S.-issued debt securities of Volkswagen AG, its wholly owned subsidiary Volkswagen Group of America, Inc., and its further subsidiary Volkswagen Group of America Finance, Inc. (collectively, “Volkswagen”) from May 23, 2014 through September 22, 2015, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for bond investors in Volkswagen under the federal securities laws. The securities at issue are listed in the chart below:
| CUSIP | Coupon | Issue Date | Issue Amount | Maturity | ||
| 928668AA0 | 1.25 | % | May 23, 2014 | $1.45 billion | May 23, 2017 | |
| 928668AB8 | 2.125 | % | May 23, 2014 | $1 billion | May 23, 2019 | |
| 928668AC6 | Floating | May 23, 2014 | $500 million | May 23, 2017 | ||
| 928668AD4 | Floating | May 23, 2014 | $250 million | May 23, 2016 | ||
| 928668AE2 | Floating | May 23, 2014 | $300 million | Nov. 23, 2015 | ||
| 928668AF9 | 1.60 | % | Nov. 20, 2014 | $750 million | Nov. 20, 2017 | |
| 928668AH5 | 2.45 | % | Nov. 20, 2014 | $750 million | Nov. 20, 2019 | |
| 928668AG7 | Floating | Nov. 20, 2014 | $500 million | Nov. 20, 2017 | ||
| 928668AK8 | 1.65 | % | May 22, 2015 | $1 billion | May 22, 2018 | |
| 928668AJ1 | Floating | May 22, 2015 | $750 million | Nov. 22, 2016 | ||
| 928668AL6 | Floating | May 22, 2015 | $300 million | May 22, 2018 | ||
| 928668AM4 | 2.40 | % | May 22, 2015 | $750 million | May 22, 2020 | |
To join the Volkswagen class action, go to the firm’s website at http://rosenlegal.com/cases-914.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for more information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, defendants throughout the Class Period issued false and misleading statements to investors and/or failed to disclose that Volkswagen utilized a “defeat device” in certain of its diesel cars that allowed such cars to temporarily reduce emissions during testing, while achieving higher performance and fuel economy, as well as discharging dramatically higher emissions, when testing was not being conducted. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 22, 2016. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to the firm’s website at http://rosenlegal.com/cases-914.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.