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Volkswagen AG (VLKAY, VLKPY) Loss Submission Form

The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of VLKAY (OTCMKTS: VLKAY, VLKPY) who purchased shares between March 14, 2013 and July 26, 2017. The action, which was filed in the United States District Court for the District of New Jersey, alleges that the Company violated federal securities laws.

In particular, the complaint alleges that (1) Volkswagen AG wrongfully colluded with other auto manufacturers on a range of technical and pricing issues for decades; (2) as a result, Volkswagen AG’s public statements were materially false and misleading at all relevant times. On July 21, 2017, Bloomberg reported that "BMW, Daimler and Volkswagen's VW, Audi, Porsche brands met starting in the 1990s to coordinate activities related to their vehicle technology, costs, suppliers and strategy as well as emissions controls in diesel engines..." On July 25, 2017, a class action was filed in U.S. District Court for the District of New Jersey against Porsche AG, Volkswagen, Audi AG, BMW AG, and Mercedes-Benz USA, alleging violations of federal antitrust laws. The 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.”

Shareholders have until October 30, 2017 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.

Keep Me Informed

The Klein Law Firm does not share your information with others. There is no cost or obligation. This submission does not create an attorney-client relationship. If we believe that you might be an appropriate lead plaintiff, we will contact you to discuss whether to establish an attorney-client relationship.

This letter confirms that you have retained The Klein Law Firm to represent you as a named plaintiff in a shareholder action involving VLKAY

We agree to advance all expenses in the litigation, which means that you are not liable to pay any of the expenses of the lawsuit, whether attorneys' fees or costs. Regardless of the result, we will never ask you to directly pay for any attorneys' fees or costs. Should we obtain a favorable result, we may ask the court to award us compensation to be paid by the defendants or as a portion of any class benefit, but, again, we will never ask you to directly pay any of the costs of this litigation.

As the client you are entitled to direct the litigation in any way you deem proper, and may at any time order us to dismiss the case or opt-out. Should you choose to do so, we will never ask you to reimburse us directly for any legal fees or expenses. During the course of this litigation, we may employ and/or work with other law firms to prosecute your case.

We look forward to representing you and other VLKAY shareholders.


The Klein Law Firm

Joseph Klein

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