It is alleged in this lawsuit that defendants throughout the Class Period made misleading and/or false statements and/or failed to disclose that: (1) regardless of when the sales actually occurred, BMW kept a “bank” of retail vehicle sales that it used to meet internal monthly sales targets; (2) sales figures were artificially manipulated by BMW by having dealers register cars as sold when the cars were still in inventory; (3) BMW’s key operating metrics were inaccurate and misleading, as a result; and (4) defendants’ statements about BMW’s operations, prospects, and business were materially misleading and/or false and/or lacked a reasonable basis at all relevant times, as a result. The lawsuit claims that investors suffered damages, when the true details entered the market.
Bayerische Motoren Werke AG
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CONTACT:
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www.portnoylaw.com
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Los Angeles, CA 90067
info@portnoylaw.com
