{"id":388014,"date":"2020-11-24T16:03:34","date_gmt":"2020-11-24T21:03:34","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=388014"},"modified":"2020-11-24T16:03:34","modified_gmt":"2020-11-24T21:03:34","slug":"bayerische-motoren-werke-aktiengesellschaft-bmw-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bayerische-motoren-werke-aktiengesellschaft-bmw-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed\/","title":{"rendered":"BAYERISCHE MOTOREN WERKE AKTIENGESELLSCHAFT (“BMW”) CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the District of New Jersey against Bayerische Motoren Werke Aktiengesellschaft"},"content":{"rendered":"
\n

IMPENDING LEAD PLAINTIFF DEADLINE IS DECEMBER 28, 2020<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n NEW YORK<\/span>, Nov. 24, 2020<\/span> \/PRNewswire\/ —\u00a0Wolf Haldenstein Adler Freeman<\/span> & Herz LLP <\/a>\u00a0announces that a federal securities class action lawsuit has been filed against Bayerische Motoren Werke Aktiengesellschaft (“BMW” or the “Company”) (OTC: BMWYY, BAMXF) on behalf of investors who purchased or otherwise acquired the American Depositary Receipts (“ADR’s”)\u00a0 between November 3, 2015<\/span> and September 24, 2020<\/span>, inclusive (the “Class Period”).<\/p>\n

\n

\n
\n \"(PRNewsfoto\/Wolf
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n All <\/b>
\n investors\u00a0who purchased ADR’s of <\/b>
\n BMW and incurred losses are urged<\/b>
\n to contact the firm immediately at classmember@whafh.com<\/a> or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the case<\/a> on our website, www.whafh.com.<\/a><\/b>\n <\/p>\n

If \u00a0you \u00a0have \u00a0incurred \u00a0losses \u00a0in \u00a0the ADR’s of \u00a0BMW,\u00a0 you<\/b>\u00a0<\/b>may,<\/b>no later than<\/b>December 28,<\/b> 2020, \u00a0<\/b>request that the Court appoint you lead plaintiff of the proposed class.\u00a0 Please contact Wolf Haldenstein<\/span><\/a> to learn more about your rights as an investor in the ADR’s of BMW.<\/p>\n

\n
\n CLICK HERE TO JOIN CASE<\/a>
\n <\/b>\n <\/p>\n

On December 23, 2019<\/span>, The Wall Street Journal<\/i> reported that the United States Securities and Exchange Commission (“SEC”) was investigating whether BMW engaged in “sales punching,”<\/i> a practice in which “a company boosts sales figures by having dealers register cars as sold when the vehicles actually are
still standing on car lots.” <\/i><\/p>\n

On this news, the price of BMW’s ADRs fell $1.33<\/span>, or nearly 7%, to close at $18.02<\/span> per ADR on December 23, 2019<\/span>.<\/p>\n

On September 24, 2020<\/span>, the SEC announced an $18 million<\/span> settlement agreement with BMW regarding the investigation. According to the SEC’s order, from January 2015<\/span> to March 2017<\/span>, the Company had “used its demonstrator and service loaner programs to boost reported retail sales volume and meet internal targets.”<\/i> It also stated that from 2015 to 2019, BMW kept a reserve of unreported retail vehicle sales, which is used to meet internal monthly sales targets regardless of when the actual sale occurred.<\/p>\n

Subsequently, BMW’s ADR price fell $0.51<\/span>, or about 2%, to close at $23.07<\/span> per ADR on September 25, 2020<\/span>.<\/p>\n

\n
\n Wolf Haldenstein<\/span>
\n <\/a> has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.\u00a0 The firm has attorneys in various practice areas; and offices in New York<\/span>, Chicago<\/span> and San Diego.\u00a0 The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.<\/p>\n

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein<\/span><\/a> by telephone at (800) 575-0735, via e-mail at classmember@whafh.com<\/a>, or visit our website at \u00a0www.whafh.com.<\/a><\/p>\n

Contact:<\/p>\n

\n Wolf Haldenstein Adler Freeman<\/span> & Herz LLP
Kevin Cooper, Esq.<\/span>
Gregory Stone<\/span>, Director of Case and Financial Analysis
Email: gstone@whafh.com<\/a>, kcooper@whafh.com<\/a> or classmember@whafh.com<\/a>\u00a0
Tel: (800) 575-0735 or (212) 545-4774<\/p>\n

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\u00a0 <\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/bayerische-motoren-werke-aktiengesellschaft-bmw-class-action-alert-wolf-haldenstein-adler-freeman–herz-llp-reminds-investors-that-a–securities–class–action–lawsuit–has–been–filed–in–the–united-states-district-cour-301180008.html<\/a><\/p>\n

SOURCE Wolf Haldenstein Adler Freeman<\/span> & Herz LLP<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

IMPENDING LEAD PLAINTIFF DEADLINE IS DECEMBER 28, 2020 PR Newswire NEW YORK, Nov. 24, 2020 \/PRNewswire\/ —\u00a0Wolf Haldenstein Adler Freeman & Herz LLP \u00a0announces that a federal securities class action lawsuit has been filed against Bayerische Motoren Werke Aktiengesellschaft (“BMW” or the “Company”) (OTC: BMWYY, BAMXF) on behalf of investors who purchased or otherwise acquired the American Depositary Receipts (“ADR’s”)\u00a0 between November 3, 2015 and September 24, 2020, inclusive (the “Class Period”). All investors\u00a0who purchased ADR’s of BMW and incurred losses are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the case on our website, www.whafh.com. If \u00a0you \u00a0have \u00a0incurred \u00a0losses \u00a0in \u00a0the ADR’s … <\/p>\n

Continue reading “BAYERISCHE MOTOREN WERKE AKTIENGESELLSCHAFT (“BMW”) CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the District of New Jersey against Bayerische Motoren Werke Aktiengesellschaft”<\/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-388014","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBAYERISCHE MOTOREN WERKE AKTIENGESELLSCHAFT ("BMW") CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the District of New Jersey against Bayerische Motoren Werke Aktiengesellschaft - 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\/bayerische-motoren-werke-aktiengesellschaft-bmw-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BAYERISCHE MOTOREN WERKE AKTIENGESELLSCHAFT ("BMW") CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the District of New Jersey against Bayerische Motoren Werke Aktiengesellschaft - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"IMPENDING LEAD PLAINTIFF DEADLINE IS DECEMBER 28, 2020 PR Newswire NEW YORK, Nov. 24, 2020 \/PRNewswire\/ —\u00a0Wolf Haldenstein Adler Freeman & Herz LLP \u00a0announces that a federal securities class action lawsuit has been filed against Bayerische Motoren Werke Aktiengesellschaft (“BMW” or the “Company”) (OTC: BMWYY, BAMXF) on behalf of investors who purchased or otherwise acquired the American Depositary Receipts (“ADR’s”)\u00a0 between November 3, 2015 and September 24, 2020, inclusive (the “Class Period”). All investors\u00a0who purchased ADR’s of BMW and incurred losses are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the case on our website, www.whafh.com. 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All investors\u00a0who purchased ADR’s of BMW and incurred losses are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the case on our website, www.whafh.com. If \u00a0you \u00a0have \u00a0incurred \u00a0losses \u00a0in \u00a0the ADR’s … Continue reading \"BAYERISCHE MOTOREN WERKE AKTIENGESELLSCHAFT (“BMW”) CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the District of New Jersey against Bayerische Motoren Werke Aktiengesellschaft\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/bayerische-motoren-werke-aktiengesellschaft-bmw-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-24T21:03:34+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/1064977\/Wolf_Haldenstein_Adler_Freeman_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bayerische-motoren-werke-aktiengesellschaft-bmw-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bayerische-motoren-werke-aktiengesellschaft-bmw-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"BAYERISCHE MOTOREN WERKE AKTIENGESELLSCHAFT (“BMW”) CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the District of New Jersey against Bayerische Motoren Werke Aktiengesellschaft","datePublished":"2020-11-24T21:03:34+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bayerische-motoren-werke-aktiengesellschaft-bmw-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed\/"},"wordCount":548,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bayerische-motoren-werke-aktiengesellschaft-bmw-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/1064977\/Wolf_Haldenstein_Adler_Freeman_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bayerische-motoren-werke-aktiengesellschaft-bmw-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/bayerische-motoren-werke-aktiengesellschaft-bmw-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed\/","name":"BAYERISCHE MOTOREN WERKE AKTIENGESELLSCHAFT (\"BMW\") CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the District of New Jersey against Bayerische Motoren Werke Aktiengesellschaft - 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