Investors in Volkswagen Group of America Finance 144A Bonds Eligible for SEC Distribution Fund Payments
Investors who held or acquired 144A bonds issued by Volkswagen Group of America Finance, LLC between November 20, 2014, and September 18, 2015, may be eligible to claim payments from a court-approved SEC distribution fund. The fund is part of the legal proceedings regarding Volkswagen's 'Clean Diesel' marketing and product liability litigation. The defendants have contributed a total of $48.75 million to the fund. Distribution will be managed according to a plan approved by the U.S. District Court for the Northern District of California. Claims must be submitted via the official distribution website with supporting documentation, provided they meet the minimum payout threshold of $250.
Topics: class action distribution plan litigation settlement securities fraud
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Part of the story SEC-Approved Distribution Fund Established for Volkswagen 144A Bondholders (3 articles)