Pomerantz Appointed Lead Counsel in Volkswagen Securities Litigation

On July 21, 2021, U.S. District Judge Mark C. Scarsi of the Central District of California appointed Pomerantz LLP as Lead Counsel on behalf of Betty Jo Pheiffer, the Lead Plaintiff in Montag v. Volkswagen AG, No. 21-cv-3678 (C.D. Cal.), a securities action brought on behalf of a class of defrauded investors concerning allegations that Volkswagen AG had misled investors in regard to the true nature of its rebranding as “Voltswagen” as just an April Fool’s Day joke.