Volkswagen tweet on Voltswagen. Image: Twitter April Fools' Gag Gone Bad: Volkswagen Shareholders Sue Over EV Rebranding Joke
The lawsuit claims VW's joke artificially increased the price of its securities.
April 30, 2021 at 05:12 PM
3 minute read
Securities Litigation
The original version of this story was published on The Recorder
Investors are suing Volkswagen AG and Volkswagen Group of America Inc. after the company's April Fools prank instigated a Securities and Exchange Commission investigation and, according to the lawsuit Friday, a drop in the company's share price.
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