A Brooklyn federal judge has dismissed a proposed securities class action claiming that Volkswagen had misled its investors about alleged collusion with other major German automakers.

U.S. District Judge Dora L. Irizarry of the Eastern District of New York ruled Thursday that the plaintiffs had failed to allege that any of the supposedly anti-competitive conduct between VW and other members of the so-called “Group of Five” cartel of German carmakers had violated foreign antitrust laws.