In re Volkswagen "Clean Diesel" Marketing, Sales Practices, & Products Liability Litigation
District Court, N.D. California
1Opinion of the Court
*1039ORDER GRANTING IN PART AND DENYING IN PART DEFENDANTS’ MOTIONS TO DISMISS THE FIRST AMENDED CONSOLIDATED SECURITIES CLASS ACTION COMPLAINT
CHARLES R. BREYER, United States District Judge
In September 2015, Volkswagen admitted to regulators and the public that it had used a “defeat device” — software designed to cheat emissions tests — in nearly 600,000 TDI diesel engine vehides sold in the United States (the “Affected Vehicles”). Soon after, purchasers of Volkswagen-sponsored Level 1 American Depository Receipts (“ADRs”) filed actions against the Company and management under the Private…
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