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    VOW3   DE0007664039

VOLKSWAGEN AG

(VOW3)
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Volkswagen AG : Pomerantz Law Firm Investigates Claims on Behalf of Investors of Volkswagen Aktiengesellschaft - VLKAY; VLKPY

07/31/2017 | 11:29am EDT

NEW YORK, NY / ACCESSWIRE / July 31, 2017 / Pomerantz LLP is investigating claims on behalf of investors of Volkswagen Aktiengesellschaft ("Volkswagen" or the "Company") (OTC PINK: VLKAY; OTC PINK: VLKPY). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

The investigation concerns whether Volkswagen and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here to join a class action]

On July 25, 2017, a putative class action was filed in U.S. District Court for the District of New Jersey against Volkswagen, Audi AG, BMW AG, Mercedes-Benz USA, and Porsche AG, alleging violations of federal antitrust laws. Specifically, the class action complaint alleges that, beginning in 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." On July 28, 2017, a similar complaint was filed in U.S. District Court for the Northern District of California, and a second similar complaint was filed in the District of New Jersey. On news of the antitrust lawsuits, Volkswagen's share price has fallen sharply.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz LLP


ę Accesswire 2017
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Financials
Sales 2021 253 B 296 B 296 B
Net income 2021 14 730 M 17 261 M 17 261 M
Net cash 2021 34 575 M 40 515 M 40 515 M
P/E ratio 2021 6,54x
Yield 2021 3,89%
Capitalization 118 B 138 B 138 B
EV / Sales 2021 0,33x
EV / Sales 2022 0,28x
Nbr of Employees 632 825
Free-Float 56,8%
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Mean consensus BUY
Number of Analysts 23
Last Close Price 189,38 €
Average target price 274,25 €
Spread / Average Target 44,8%
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Managers and Directors
Herbert Diess Chairman-Management Board
Arno Antlitz Head-Finance & Information Technology
Hans Dieter P÷tsch Chairman-Supervisory Board
Thomas Schmall-von Westerholt Head-Technology
Kurt Michels Chief Compliance Officer
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