The Rosen Regulation Agency, PA Pronounces Proposed Class Motion

NEWARK, NJ, June 06, 2022 (GLOBE NEWSWIRE) — The Rosen Regulation Agency, PA publicizes that america District Court docket for the District of New Jersey has permitted the next announcement of a proposed class motion settlement that might profit purchasers of Bayerische Motoren Werke Aktiengesellschaft American Depositary Receipts or F shares (OTCMKTS: BMWYY) (OTCMKTS: BAMXF) (OTCMKTS: BYMOF):

SUMMARY NOTICE OF PENDENCY AND PROPOSED CLASS ACTION SETTLEMENT

TO: ALL PERSONS WHO PURCHASED PUBLICLY-TRADED AMERICAN DEPOSITARY RECEIPTS (ADRs) OR F SHARES OF BMW AG FROM NOVEMBER 3, 2015 THROUGH SEPTEMBER 24, 2020, INCLUSIVE.

YOU ARE HEREBY NOTIFIED, pursuant to an Order of america District Court docket for the District of New Jersey, {that a} listening to will likely be held on September 15, 2022, at 10:30 am earlier than the Honorable Claire C. Cecchi, United States District Choose of the District of New Jersey, Martin Luther King Constructing & US Courthouse, 50 Walnut Avenue, Courtroom 5B, Newark, New Jersey, 07101 for the aim of figuring out: (1) whether or not the proposed Settlement of the claims within the above-captioned Motion for consideration together with the sum of $1,750,000 must be permitted by the Court docket as truthful, affordable, and satisfactory; (2) whether or not the proposed plan to distribute the Settlement proceeds is truthful, affordable, and satisfactory; (3) whether or not the applying of Lead Counsel for an award of attorneys’ charges of as much as 1/3 (one-third) plus curiosity of the Settlement Quantity, reimbursement of bills of no more than $25,000 and a service fee of not more than $7,000 in whole to Plainiffs, must be permitted; and (4) whether or not this Motion must be dismissed with prejudice as set forth within the Stipulation of Settlement, dated April 1, 2022 (the “Settlement Stipulation”). The Court docket reserves the precise to reschedule the listening to date or maintain the listening to telephonically or by different digital means.

When you bought BMW AG ADRs or F shares in the course of the interval from November 3, 2015 by means of September 24, 2020, each dates inclusive, your rights could also be affected by this Settlement, together with the discharge and extinguishment of claims you might possess regarding your possession curiosity in BMW AG ADRs or F shares. You probably have not acquired an in depth Discover of Pendency and Proposed Settlement of Class Motion (“Discover”) and a replica of the Proof of Declare and Launch Kind, you might acquire copies by writing to or calling the Claims Administrator: BMW AG Securities Litigation , c/o Strategic Claims Providers, PO Field 230, 600 N. Jackson St., Ste. 205, Media, PA 19063; (Toll-Free) (866) 274-4004; (Fax) (610) 565-7985; [email protected] You can even obtain copies of the Discover and submit your Proof of Declare and Launch Kind on-line at www.strategicclaims.internet/BMW/. In case you are a member of the Settlement Class, with the intention to share within the distribution of the Web Settlement Fund, you could submit a Proof of Declare and Launch Kind electronically or postmarked no later than August 25, 2022 to the Claims Administrator, establishing that you’re entitled to restoration. Until you submit a written exclusion request, you may be certain by any judgment rendered within the Motion whether or not or not you make a declare.

When you want to be excluded from the Settlement Class, you could undergo the Claims Administrator a request for exclusion in order that it’s acquired no later than August 25, 2022, within the method and type defined within the Discover. All members of the Settlement Class who haven’t requested exclusion from the Settlement Class will likely be certain by any judgment entered within the Motion pursuant to the Settlement Stipulation.

Any objection to the Settlement, Plan of Allocation, or Lead Counsel’s request for an award of attorneys’ charges and reimbursement of bills and award to plaintiffs have to be within the method and type defined within the detailed Discover and acquired no later than August 25, 2022 , by every of the next:

Clerk of the Court docket
United States District Court docket
District of New Jersey
Martin Luther King Constructing & US Courthouse
50 Walnut Avenue
Newark, NJ 07101
Laurence Rosen
The Rosen Regulation Agency, PA
One Gateway Heart
2600 . suites
Newark, NJ 07102

Lead Counsel

Jay B Kasner
Skadden, Arps, Slate, Meagher & Flom LLP
One Manhattan West
New York, NY 10001

Michael G. Bongiorno
Wilmer Cutler Pickering Hale and Dorr LLP
7 World Commerce Heart
250 Greenwich Avenue
New York, NY 10007

Counsel for Defendants

You probably have any questions concerning the Settlement, you might name or write to Lead Counsel:

Laurence Rosen, Esq.
THE ROSEN LAW FIRM, PA
One Gateway Heart
2600 . suites
Newark, NJ 07102
[email protected]

PLEASE DO NOT CONTACT THE COURT OR THE CLERK’S OFFICE REGARDING THIS NOTICE.

DATED: MAY 9, 2022

BY ORDER OF THE UNITED STATES
DISTRICT COURT FOR THE
DISTRICT OF NEW JERSEY