Credit: josefkubes/Shutterstock.com Brooklyn Federal Judge Tosses Securities Class Action Alleging VW 'Collusion' With German Automakers
Volkswagen, represented by Sullivan & Cromwell attorneys, secured dismissal of a lawsuit, successfully arguing that plaintiffs could not support a securities-fraud class action by repeating unproven allegations against the automakers.
May 24, 2021 at 12:32 AM
3 minute read
Litigation
The original version of this story was published on New York Law Journal
A Brooklyn federal judge has dismissed a proposed securities class action claiming that Volkswagen had misled its investors about alleged collusion with other major German automakers.
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