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Wednesday, April 23, 2025

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VW Securities Action

SAN FRANCISCO – A federal judge on Tuesday made Puerto Rico’s public employees’ retirement system the lead plaintiff in a securities class action against Volkswagen related to the emissions cheating scandal, given the fund’s $66 million loss.     U.S. District Judge Charles Breyer also made the fund’s attorneys at Abraham, Frutcher & Twersky the putative class’ lead counsel.

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