The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Bayerische Motoren Werke AG (“BMW” or “the Company”) (OTC: BMWYY, BAMXF) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. The Wall Street Journal reported on December 23, 2019, that the SEC is investigating BMW based on allegations of “sales punching,” a scheme to boost sales numbers in which dealers register cars as sold when they are still sitting on car lots. The SEC announced a settlement with the company on September 24, 2020, ending the “sales punching” investigation. The settlement includes a fine of up to $18 million. Based on this news, shares of BMW fell by more than 3.5% on September 25, 2020.
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The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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