VOLKSWAGEN AG INVESTOR ALERT: Block & Leviton LLP Investigates Volkswagen AG Possible Violations Of The Federal Securities Laws

BOSTON, Sept. 21, 2015 /PRNewswire/ -- Shares of Volkswagen AG ("Volkswagen") U.S. traded ADRs (OTC: VLKAY) and preferred ADRs (VLKPY) plummeted by almost 20% after it was revealed that Volkswagen had installed "defeat devices" on many of its most recent diesel car models.

U.S. and German regulators are investigating Volkswagen for using software that would allow four-cylinder diesel models to turn on the emission controls only when being tested.  Regulators claim that the vehicles would then emit nitrogen oxides at up to 40 times the approved levels when the emission controls were deactivated.  If proven, Volkswagen could face up to $18 billion in fines from U.S Regulators.  Published reports suggest that Volkswagen began installing the "defeat devises" in the relevant diesel models in 2009.

Block & Leviton LLP is investigating whether Volkswagen misled its investors by failing to disclose its intent to avoid compliance with emission controls by installing "defeat devices" in certain diesel car models. If you purchased or otherwise acquired Volkswagen ADRs before September 19, 2015, and have questions about your legal rights or possess information relevant to this investigation, please contact attorney Steven P. Harte of Block & Leviton LLP at (617) 398-5600 or email him at [email protected].  Confidentiality to whistleblowers or others with information relevant to the lawsuit is assured.

This notice may constitute attorney advertising.

Contact: BLOCK & LEVITON LLP
Steven P. Harte, Esq.
(617) 398-5600
155 Federal St
Boston, MA 02110
[email protected]

SOURCE Block & Leviton LLP

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