Bayerische Motoren Werke AG
(BMW) (BMWYY, BAMXF)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Bayerische Motoren Werke AG (“BMW” or “the Company”) (OTC: BMWYY, BAMXF). The investigation concerns whether BMW and certain of its officers and/or directors have violated federal securities laws.
On December 23, 2019, The Wall Street Journal announced that the SEC is investigating BMW for allegations of “sales punching,” a plan to increase sales numbers, in which dealers registered cars as sold when they were in fact still sitting in dealer lots. On September 24, 2020, the SEC announced a settlement, including a fine of up to $18 million, ending the “sales punching” investigation. Following this news, BMW stock dropped more than 3.5% on September 25, 2020.
If you are aware of any facts relating to this investigation, or purchased BMW shares, you can assist this investigation by contacting the firm. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.