Investor Claims In Volkswagen Anticompetition Suit Dismissed As Insufficient

Mealey's (May 24, 2021, 1:36 PM EDT) -- BROOKLYN, N.Y — Although shareholders have sufficiently shown that a federal district court has personal jurisdiction over their federal securities law class claims against German automaker Volkswagen Aktiengesellschaft and certain of its current and former directors, the shareholders have failed to sufficiently state a claim for relief in alleging that the defendants violated federal securities laws by engaging in anticompetitive conduct with four other German automakers, a federal judge in New York ruled May 20....