{"id":382485,"date":"2020-11-16T22:55:04","date_gmt":"2020-11-17T03:55:04","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=382485"},"modified":"2020-11-16T22:55:04","modified_gmt":"2020-11-17T03:55:04","slug":"shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-bayerische-motoren-werke-aktiengesellschaft-bmwyy-bamxf-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-bayerische-motoren-werke-aktiengesellschaft-bmwyy-bamxf-2\/","title":{"rendered":"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Bayerische Motoren Werke Aktiengesellschaft (BMWYY; BAMXF)"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">NEW YORK, Nov.  16, 2020  (GLOBE NEWSWIRE) &#8212; Pomerantz LLP is investigating claims on behalf of investors of Bayerische Motoren Werke Aktiengesellschaft (\u201cBMW\u201d or the \u201cCompany\u201d) (OTCMKTS: BMWYY; BAMXF). Such investors are advised to contact Robert S. Willoughby at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=5YFQBjUqERKLY-rLDE16ksmtRRHNgYhbI-6XMYZNzt-C-nql_o2cyioxIzGSVUS_aAItv7fj3A5IWlEtKbxXkgkrJ8wtw1uwti0gtBVCYVs=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>newaction@pomlaw.com<\/u><\/a> or 888-476-6529, ext. 7980.<\/p>\n<p align=\"justify\">The investigation concerns whether BMW and certain of its officers and\/or directors have engaged in securities fraud or other unlawful business practices.\u00a0<\/p>\n<p align=\"center\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=PSrtzEQZ7Ufnpm-U02qidK5nZFXj6Pzl5PzmWlA2fCEakjZaPInYSjVKlnxfy42yaTiX_iTA0ELZbVXBLY2EhYa6YZoDzkChaz67Qh6Vo5ahxKwVQfQxfVx7fV5VaIQcAVmNseUeNjMxYWJu1a8nnPmrFXMnWq_Qnj1vizpYVY9a6ViT1CI3H6MbkGkRWFuE\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <strong><br \/>\n            <u>[Click here for information about joining the class action]<\/u><br \/>\n          <\/strong><br \/>\n        <\/a>\n      <\/p>\n<p align=\"justify\">On December 23, 2019, the <em>Wall Street Journal <\/em>reported that the U.S. Securities and Exchange Commission (\u201cSEC\u201d) was probing BMW\u2019s sales practices, specifically stating that \u201c[t]he regulator is looking into whether the Munich-based automaker engaged in a practice known as sales punching\u201d\u2014<em>i.e.<\/em>, \u201cboosting sales figures by having dealers register as sold when the vehicles actually are still standing on car lots.\u201d Then, on September 24, 2020, the SEC announced a settlement agreement with BMW regarding the investigation. According to the SEC\u2019s order, from January 2015 to March 2017, BMW US \u201cused its demonstrator and service loaner programs to boost reported retail sales volume and meet internal targets, resulting in demonstrator and loaner vehicles accounting for over one-quarter of BMW [US]\u2019s reported retail sales in this period.\u201d Additionally, the SEC order found that between 2015 and 2019, BMW US maintained a reserve of unreported retail vehicles sales\u2014referred to internally as the \u201cbank\u201d\u2014that it used to meet internal monthly sales targets regardless of when the actual sale occurred. The SEC order also found that BMW improperly designated vehicles as demonstrators or loaners so they would be counted as sold when in actuality they were not. Without admitting to or denying the SEC order\u2019s findings, BMW agreed to a settlement to pay $18 million and cease and desist from future violations. Following each of the foregoing disclosures, the prices of BMW\u2019s American Depositary Receipts fell sharply, damaging investors.<\/p>\n<p align=\"justify\">The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris 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 <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=y9ZwkNRlUPuusGEj2SwbfUs_KzEJkH0d26uj2piT2-zgnCXvMVItUQMxUZO-ZLMyNy7FY1lpMA5Q4Ddi6qpy3uNKPx8Rdn9OIfdwEmpHG1M=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.pomerantzlaw.com<\/u><\/a>.<\/p>\n<p align=\"justify\">\n        <strong>CONTACT:<br \/><\/strong>Robert S. Willoughby<br \/>Pomerantz LLP<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=JCNfqcRzy5_TtT5Fx4CWGUCouy8XfUlePb-eiP1lbMXfoBEVmQAmc2Uejwww1Ayb0UJyAM01yg8dOKmSYOOA5VRa0UTinTeN21GIMNpWOf0=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>rswilloughby@pomlaw.com<\/u><br \/><\/a>888-476-6529 ext. 7980<\/p>\n<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4NzM4NiMzODMwOTI2IzIwMTc2NDQ=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/1c2498ec-4111-4304-80aa-d3b447fd8bb5\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Nov. 16, 2020 (GLOBE NEWSWIRE) &#8212; Pomerantz LLP is investigating claims on behalf of investors of Bayerische Motoren Werke Aktiengesellschaft (\u201cBMW\u201d or the \u201cCompany\u201d) (OTCMKTS: BMWYY; BAMXF). Such investors are advised to contact Robert S. Willoughby at\u00a0newaction@pomlaw.com or 888-476-6529, ext. 7980. The investigation concerns whether BMW and certain of its officers and\/or directors have engaged in securities fraud or other unlawful business practices.\u00a0 [Click here for information about joining the class action] On December 23, 2019, the Wall Street Journal reported that the U.S. Securities and Exchange Commission (\u201cSEC\u201d) was probing BMW\u2019s sales practices, specifically stating that \u201c[t]he regulator is looking into whether the Munich-based automaker engaged in a practice known as sales punching\u201d\u2014i.e., \u201cboosting sales figures by &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-bayerische-motoren-werke-aktiengesellschaft-bmwyy-bamxf-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Bayerische Motoren Werke Aktiengesellschaft (BMWYY; BAMXF)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-382485","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Bayerische Motoren Werke Aktiengesellschaft (BMWYY; BAMXF) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-bayerische-motoren-werke-aktiengesellschaft-bmwyy-bamxf-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Bayerische Motoren Werke Aktiengesellschaft (BMWYY; BAMXF) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Nov. 16, 2020 (GLOBE NEWSWIRE) &#8212; Pomerantz LLP is investigating claims on behalf of investors of Bayerische Motoren Werke Aktiengesellschaft (\u201cBMW\u201d or the \u201cCompany\u201d) (OTCMKTS: BMWYY; BAMXF). Such investors are advised to contact Robert S. Willoughby at\u00a0newaction@pomlaw.com or 888-476-6529, ext. 7980. The investigation concerns whether BMW and certain of its officers and\/or directors have engaged in securities fraud or other unlawful business practices.\u00a0 [Click here for information about joining the class action] On December 23, 2019, the Wall Street Journal reported that the U.S. Securities and Exchange Commission (\u201cSEC\u201d) was probing BMW\u2019s sales practices, specifically stating that \u201c[t]he regulator is looking into whether the Munich-based automaker engaged in a practice known as sales punching\u201d\u2014i.e., \u201cboosting sales figures by &hellip; Continue reading &quot;SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Bayerische Motoren Werke Aktiengesellschaft (BMWYY; BAMXF)&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-bayerische-motoren-werke-aktiengesellschaft-bmwyy-bamxf-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-17T03:55:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4NzM4NiMzODMwOTI2IzIwMTc2NDQ=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-bayerische-motoren-werke-aktiengesellschaft-bmwyy-bamxf-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-bayerische-motoren-werke-aktiengesellschaft-bmwyy-bamxf-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Bayerische Motoren Werke Aktiengesellschaft (BMWYY; 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Such investors are advised to contact Robert S. Willoughby at\u00a0newaction@pomlaw.com or 888-476-6529, ext. 7980. The investigation concerns whether BMW and certain of its officers and\/or directors have engaged in securities fraud or other unlawful business practices.\u00a0 [Click here for information about joining the class action] On December 23, 2019, the Wall Street Journal reported that the U.S. Securities and Exchange Commission (\u201cSEC\u201d) was probing BMW\u2019s sales practices, specifically stating that \u201c[t]he regulator is looking into whether the Munich-based automaker engaged in a practice known as sales punching\u201d\u2014i.e., \u201cboosting sales figures by &hellip; Continue reading \"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Bayerische Motoren Werke Aktiengesellschaft (BMWYY; BAMXF)\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-bayerische-motoren-werke-aktiengesellschaft-bmwyy-bamxf-2\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-17T03:55:04+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4NzM4NiMzODMwOTI2IzIwMTc2NDQ=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-bayerische-motoren-werke-aktiengesellschaft-bmwyy-bamxf-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-bayerische-motoren-werke-aktiengesellschaft-bmwyy-bamxf-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Bayerische Motoren Werke Aktiengesellschaft (BMWYY; 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