Stamford, CT (September 19, 2016) International Securities Associations and Foundations Management Company for Damaged VW Investors, LLC (ISAF VW) announced today that it has organized the filing of a lawsuit for approximately 800 million Euros against Volkswagen AG in the Regional Court in Braunschweig, Germany, on behalf of a group of international institutional investors from the US, Europe and Canada. The lawsuit relates to losses investors suffered from the drastic drop in VW share value in shares traded on the German Deutsche Börse Xetra exchange, as a result of the VW diesel emission fraud scandal.
Securities class or collective actions filed in other jurisdictions outside Germany are highly unlikely to cover investor losses that stem from the largest classes of preferred and common shares, which traded on the Xetra exchange in Germany. Proceedings under the German KapMuG collective redress system are expected to get fully underway during the fourth quarter of 2016.
About ISAF VW – International Securities Associations and Foundations Management Company for Damaged VW Investors. ISAF VW provides international litigation research and organization focused on institutional investor objectives. ISAF VW interacts with investors, law firms, service providers and undertakes administrative tasks, including the collection of client trading data, loss calculations, loss certification, and most aspects of investor related litigation documentation handling. In addition, ISAF VW provides investors with transparent, cost effective contingency financing of all litigation costs.
Name: Adam Foulke
Tel: +1 (203) 975-0333