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The Law Offices of Frank R. Cruz Announces Investigation of Bayerische Motoren Werke Aktiengesellschaft (BMWYY) on Behalf of Investors

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The Law Offices of Frank R. Cruz announces an investigation of Bayerische Motoren Werke Aktiengesellschaft (BMW or the Company) (OTC: BMWYY) on behalf of investors concerning the Companys possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click here to participate.

On December 23, 2019, The Wall Street Journal reported that the U.S. Securities and Exchange Commission (“SEC”) was investigating whether BMW engaged in sales punching, a practice in which a company boosts sales figures by having dealers register cars as sold when the vehicles actually are still standing on car lots.

On this news, the price of BMWs American Depositary Receipts (ADRs) fell $1.33, or nearly 7%, to close at $18.02 per ADR on December 23, 2019, thereby damaging investors.

On September 24, 2020, the SEC announced an $18 million settlement agreement with BMW regarding the investigation. According to the SECs order, from January 2015 to March 2017, the Company had used its demonstrator and service loaner programs to boost reported retail sales volume and meet internal targets. It also stated that from 2015 to 2019, BMW kept a reserve of unreported retail vehicle sales, which is used to meet internal monthly sales targets regardless of when the actual sale occurred.

On this news, BMWs ADR price fell $0.51, or about 2%, to close at $23.07 per ADR on September 25, 2020, thereby damaging investors further.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you purchased BMW securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

The Law Offices of Frank R. Cruz, Los Angeles

Frank R. Cruz, 310-914-5007

fcruz@frankcruzlaw.com

www.frankcruzlaw.com

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