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INVESTOR ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit on Behalf of Bond Investors in Volkswagen AG and Volkswagen America

NEW YORK, Aug. 02, 2016 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of U.S.-issued debt securities of Volkswagen AG, its wholly owned subsidiary Volkswagen Group of America, Inc., and its further subsidiary Volkswagen Group of America Finance, Inc. (collectively, “Volkswagen”) from May 23, 2014 through September 22, 2015, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for bond investors in Volkswagen under the federal securities laws. The securities at issue are listed in the chart below:

         
CUSIP    Coupon      Issue Date     Issue Amount         Maturity      
928668AA0   1.25 % May 23, 2014 $1.45 billion May 23, 2017
928668AB8   2.125 % May 23, 2014 $1 billion May 23, 2019
928668AC6 Floating May 23, 2014 $500 million May 23, 2017
928668AD4   Floating May 23, 2014 $250 million May 23, 2016
928668AE2 Floating May 23, 2014 $300 million Nov. 23, 2015
928668AF9   1.60 % Nov. 20, 2014 $750 million Nov. 20, 2017
928668AH5   2.45 %   Nov. 20, 2014 $750 million Nov. 20, 2019
928668AG7 Floating Nov. 20, 2014 $500 million Nov. 20, 2017
928668AK8   1.65 % May 22, 2015 $1 billion May 22, 2018
928668AJ1 Floating May 22, 2015 $750 million Nov. 22, 2016
928668AL6 Floating May 22, 2015 $300 million May 22, 2018
928668AM4   2.40 % May 22, 2015 $750 million May 22, 2020
             

To join the Volkswagen class action, go to the firm’s website at http://rosenlegal.com/cases-914.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for more information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.

According to the lawsuit, defendants throughout the Class Period issued false and misleading statements to investors and/or failed to disclose that Volkswagen utilized a “defeat device” in certain of its diesel cars that allowed such cars to temporarily reduce emissions during testing, while achieving higher performance and fuel economy, as well as discharging dramatically higher emissions, when testing was not being conducted. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 22, 2016. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to the firm’s website at http://rosenlegal.com/cases-914.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY  10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com