VW investors sue the car giant for 8.2 billion euros - German court
- 8 years ago
Volkswagen shareholders are suing the car maker for 8.2 billion euros.
A court in the German city of Brunswick announced on Wednesday that investors want damages after their VW shares plunged in the wake of the so-called dieselgate scandal which was uncovered in September 2015.
The environmental protection agency found that Volkswagen had cheated on emissions tests in the US.
The court in the German state of Lower Saxony, where Volkswagen is headquartered, has jurisdiction over VW claims in Germany.
More than 1,400 claims have been filed against the the car giant from both individual shareholders and corporate investors including pension funds.
The announcement comes three weeks after a class action was announced against Volkswagen’s Australian arm.
Volkswagen emissions scandal: Australia sues car giant https://t.co/eHWuXxuRMR pic.twitter.com/RCnz0uolPL— euronews (@euronews) September 1, 2016
A court in the German city of Brunswick announced on Wednesday that investors want damages after their VW shares plunged in the wake of the so-called dieselgate scandal which was uncovered in September 2015.
The environmental protection agency found that Volkswagen had cheated on emissions tests in the US.
The court in the German state of Lower Saxony, where Volkswagen is headquartered, has jurisdiction over VW claims in Germany.
More than 1,400 claims have been filed against the the car giant from both individual shareholders and corporate investors including pension funds.
The announcement comes three weeks after a class action was announced against Volkswagen’s Australian arm.
Volkswagen emissions scandal: Australia sues car giant https://t.co/eHWuXxuRMR pic.twitter.com/RCnz0uolPL— euronews (@euronews) September 1, 2016