May 20, 2021 - The case was dismissed.

July 13, 2018 - An amended complaint was filed.

August 28, 2017 (Shareholders Foundation) - An investor in shares of Volkswagen AG (ADR) (OTCMKTS:VLKAY) filed a lawsuit in the U.S. District Court for the Eastern District of New York over alleged violations of Federal Securities Laws by Volkswagen AG in connection with certain allegedly false and misleading statements made between March 14, 2013 and July 26, 2017.

According to the complaint the plaintiff alleges on behalf of purchasers of Volkswagen AG (ADR) (OTCMKTS:VLKAY) common shares between March 14, 2013 and July 26, 2017, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that between March 14, 2013 and July 26, 2017, the defendants made false and/or misleading statements and/or failed to disclose that Volkswagen AG wrongfully colluded with other auto manufacturers on technology and supplier for decades, and that as a result, Volkswagen AG’s public statements were materially false and misleading at all relevant times.

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 Volkswagen AG (ADR) (OTCMKTS:VLKAY) declined to $30.79 per share on August 7, 2017.