An investigation for investors in BMW AG (OTC:BMWYY) shares over potential securities laws violations by BMW AG was announced and OTC:BMWYY stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/08/2017 -- An investigation on behalf of investors of BMW AG (OTC:BMWYY) shares over potential securities laws violations by BMW AG and certain of its directors and officers in connection with certain financial statements was announced.
Investors who purchased shares of BMW AG (OTC:BMWYY), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm focuses on whether a series of statements by BMW AG regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On July 25, 2017, a lawsuit was filed in U.S. District Court for the District of New Jersey against Porsche AG, Volkswagen AG, Audi AG, BMW AG, and Mercedes-Benz USA, 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.
Shares of BMW AG (OTC:BMWYY) declined to as low as $30.20 per share on July 27, 2017.
Those who purchased shares of BMW AG (OTC:BMWYY) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego