May 27, 2019   SOURCE: PR NewsWire

A securities class action against Volkswagen Aktiengesellschaft is authorized by the Superior Court of the Province of Québec

MONTREAL, May 27, 2019 /CNW/ - The law firm of Faguy & Co. announces that on May 28, 2018, The Honourable Justice Chantal Chatelain of the Superior Court of the Province of Québec authorized the bringing of a securities class action against Volkswagen Aktiengesellschaft ("VW AG") in Court File No. 500-06-000838-173. The allegations made in the class action have not been proven and are contested by VW AG.

The Québec class action is brought on behalf of all residents of Québec who acquired VW AG's securities between March 12, 2009 and September 18, 2015 (the "Class Period") and held all or some of those acquired VW AG securities until after September 18, 2015. You are a member of the Québec class action if you meet this description.

The Québec class action asserts that VW AG made materially false or misleading statements or omitted to disclose important information in its disclosure documents released during the Class Period (the "Impugned Documents") and in the conduct of its business affairs. The Impugned Documents include annual reports, interim unaudited and annual audited financial statements, and VW AG's code of conduct, all issued during the Class Period.

Details of the authorization of the Québec class action, including the process for Class Members to opt out of the Québec class action, are available by consulting the link below.

Please note that Class Members may also be members of a U.S. settlement class for VW AG's American Depositary Receipts, or may have instituted another legal action against VW AG on the same subject matter as the Québec class action. Class counsel should be contacted to learn more about the impact of these scenarios on the opt-out and other legal rights in the Québec class action.

The judgements of the Québec Court and other information in both English and French are available on class counsel's website at http://faguyco.com/portfolio/volkswagen-class-action/ as well as on the Registre des actions collectives at https://www.registredesactionscollectives.quebec/.

For any inquiries, please contact class counsel representing Class Members:




            Shawn Faguy

                        Faguy & Co.,329 de la Commune West, Suite
                         200, Montreal, PQ H2Y 2E1


            Tel: 514.285.8100 x224


            Fax: 514.285.8050


            
              skf@faguyco.com

SOURCE Faguy & Co.