STAMFORD, Conn.--(BUSINESS WIRE)--The VW collective group litigation in Braunschweig, Germany is an active “Opt-In” litigation where eligible investors who want to recover losses, must join the action prior to the expiration of the Statute of Limitation on 31 December 2018.
VW has already entered into settlements with investors and regulators in the United States as well as regulators in Europe. The Company has specifically recorded EUR 3.4 billion in provisions on its financial statements, reflecting its assumptions of liability to investors represented in the remaining securities litigations. ISAF believes a settlement with investors is likely.
More than 500 institutional Investors with more than EUR 10 billion in losses have already joined the collective group litigation in Germany.
Investors, who have not already joined the action, can do so via the final ISAF VW group, before the imminent expiration of the Statute of Limitation on 31 December 2018. The submission deadline is on or about 14 December 2018, so it is urgent investors contact and provide the necessary documents and transactional data to ISAF now.
TILP Litigation Rechtsanwaltsgesellschaft mbH, the lead counsel in the case in Germany, will directly represent the remaining ISAF group along with existing participating investors.
While the litigation involves securities acquired as far back as 2008, institutional investors who held positions on 18 September 2015 or transacted in VW securities between May 2014 and up to 18 September 2015 are likely to have the strongest claims and benefit the most from any settlement or judgment.
The Institutional investor interest group, ISAF Management Company, is organizing, administrating and providing financing on behalf of investors, on a no cost, success fee only and liability free basis.
Investors should contact ISAF today: firstname.lastname@example.org.
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