SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of BMW AG (BMWYY)
NEW YORK, July 31, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of BMW AG ("BMW" or the "Company") (OTC PINK: BMWYY). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/bmwyy.
The investigation concerns whether BMW and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On July 25, 2017, a class action was filed in U.S. District Court for the District of New Jersey against BMW, Volkswagen AG, Audi AG, Mercedes-Benz USA, and Porsche AG, alleging violations of federal antitrust laws. Specifically, the complaint alleges that since 2006, the carmakers conspired "to share commercially-sensitive information and reach unlawful agreements" in order "to impose a German automobile premium on consumers premised on superior German engineering, while secretly stunting incentives to innovate." Then on July 28, 2017, a similar complaint was filed in U.S. District Court for the Northern District of California, and another complaint was filed in the District of New Jersey. Following these revelations, BMW stock dropped, damaging investors.
If you are aware of any facts relating to this investigation, or purchased shares of BMW, you can assist this investigation by visiting the firm's site: www.bgandg.com/bmwyy. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
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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