Ryan & Maniskas, LLP Announces Investigation of Volkswagen AG

WAYNE, Pa., Sept. 23, 2015 /PRNewswire/ -- Ryan & Maniskas, LLP has commenced an investigation into potential securities law violations by certain officers of Volkswagen AG ("Volkswagen" or the "Company") (OTC: VLKAY) (OTC: VLKPY). 

Volkswagen shareholders who purchased shares should contact Richard A. Maniskas, Esquire at 877-316-3218 or at [email protected] to learn more about this investigation or visit: www.rmclasslaw.com/cases/vw.    

The investigation concerns whether Volkswagen and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

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 482,000 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.

If you own Volkswagen shares and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free: (877) 316-3218 or visit: www.rmclasslaw.com/cases/vw.  You may also email Mr. Maniskas at [email protected].  For more information about class action cases in general, please visit our website: www.rmclasslaw.com.

Ryan & Maniskas, LLP is a national shareholder litigation firm.  Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.

CONTACT: Ryan & Maniskas, LLP
Richard A. Maniskas, Esquire
995 Old Eagle School Rd., Suite 311
Wayne, PA 19087
877-316-3218
[email protected]
www.rmclasslaw.com/cases/vw 

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SOURCE Ryan & Maniskas, LLP

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