Bondholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action Against Volkswagen AG (VOW.DE) and Volkswagen America and Lead Plaintiff Deadline: August 22, 2016

NEW YORK, June 22, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a securities class action has been filed in the U.S. District Court, Northern District of California on behalf of those who purchased or otherwise acquired U.S.-issued debt securities of Volkswagen between May 23, 2014 and September 22, 2015, inclusive (the "Class Period"). Volkswagen's subsidiaries Volkswagen AG and Volkswagen Group of America, Inc and Volkswagen Group of America Finance, Inc. are included in this action. The securities at issue (the "Offerings") are listed in the chart below:

The Complaint alleges that throughout the Class Period, Defendants issued false and misleading statements and covered a scheme to defraud investors in the Offerings regarding Volkswagen's business and financial operations. Defendants caused its Offerings to trade at artificially inflated prices by failing to disclose that Volkswagen used a "defeat device" in some of its diesel cars that made the tested cars temporarily reduce its emissions. Untested cars were achieving higher performance and fuel economy and were discharging dramatically higher emissions. The Complaint also alleges that Defendants made misrepresentations and omissions in its public statements and in its offering memoranda regarding the over $8 billion of Offerings on May 23, 2014, November 20, 2014, and May 22, 2015. Through this series of revelations and Volkswagen's admissions, the Offerings have declined from an average of 99.854% par value on September 18, 2015 to an average of 95.624% par value on September 22, 2015, representing a decline of over $300 million.

No Class has yet been certified in the above action. If you wish to review a copy of the Complaint or join the action, please visit the firm's site: http://www.bgandg.com/#!volkswagen-ag/kbok1. To discuss this action, or for any questions, please contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. If you suffered a loss in Volkswagen you have until August 22, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]

SOURCE Bronstein, Gewirtz & Grossman, LLC

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