Bentham Europe Ltd
Bentham Europe announces that Quinn Emanuel will represent shareholders in the planned action against Volkswagen AG
DGAP-News: Bentham Europe Ltd / Key word(s): Legal Matter/Change of Personnel Bentham Europe announces that Quinn Emanuel will represent shareholders in the planned action against Volkswagen AG London, 7 October 2015, Bentham Europe announces today that Quinn Emanuel is to be retained to represent investors in the claims to be filed in Germany. Speaking today, Jeremy Marshall, Chief Investment Officer, said “We are having discussions with shareholders from around the world and will look to work proactively with Quinn Emanuel to litigate the case on behalf of investors. The events of the last few weeks have been extraordinary for one of the giants of the automobile sector. It needs one of the giants of the legal sector to get to the bottom of the ‘crisis of confidence’ referred to yesterday by Matthias Müller, Volkswagen’s new Chief Executive. We are confident that Quinn Emanuel’s approach and reputation will assist shareholders in obtaining swift and fair recompense for the losses that they have suffered through no fault of their own.” Richard East of Quinn Emanuel said “We are very excited to be retained by Bentham, on what will be the most significant securities action that has ever been filed in Germany”. Dr. Nadine Herrmann, the managing partner of the firm’s Hamburg office who will be leading the litigation efforts in Germany added: “We look forward to prosecuting this matter, on behalf of VW’s shareholders who suffered substantial damages as a result of VW’s egregious misconduct.” More information about the proposed legal action is available at www.benthameurope.com. Media contacts:
Notes to Editors: 1. Bentham Europe represents a joint venture between IMF Bentham Limited, a publicly listed company which funds litigation and arbitration claims in Australia and other jurisdictions, and subsidiary entities of funds managed by Elliott Management Corporation, a US based advisory firm http://www.benthameurope.com/docs/default-source/default-document-library/co-funding-and-joint-venture-arrangements.pdf?sfvrsn=2. 2. Shareholders are entitled to seek compensation or damages for losses caused by Volkswagen’s alleged breaches of the Securities Trading Act (Germany). 3. Quinn Emanuel is the largest law firm in the world devoted solely to business litigation and arbitration. It has extensive experience in this type of litigation. Quinn Emanuel is currently representing hedge fund clients against Porsche.
2015-10-07 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
400583 2015-10-07 |