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Gerald Montag v. Volkswagen AG et al
Case Number:
2:21-cv-03678
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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July 22, 2021
Pomerantz To Rep VW Investors Suing Over April Fool's Prank
Pomerantz LLP has gotten a California federal judge's approval to represent a proposed class of Volkswagen investors who accuse the automaker of artificially inflating its stock price by making an April Fool's Day joke saying it would change its name to "Voltswagen."
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April 30, 2021
VW Hit With Stock Drop Suit Over 'Voltswagen' Gag
A Volkswagen investor accused the company Friday of artificially inflating stock prices ahead of April Fool's Day, when it posted a press release announcing a name change to "Voltswagen" and confirmed the purported change to media outlets, despite no plans to actually use that name.