VW investors seek 8.2 billion euros in damages over emissions scandal: court

Send a link to a friend  Share

[September 21, 2016]    BERLIN (Reuters) - Volkswagen <VOWG_p.DE> faces 8.2 billion euros ($9.14 billion) in damage claims from investors over its emissions scandal in the legal district where the carmaker is based, a German court said.

A Volkswagen logo is pictured at Volkswagen's headquarters in Wolfsburg, Germany, April 22, 2016. REUTERS/Hannibal Hanschke/File Photo

A total of about 1,400 lawsuits have been lodged at the regional court in Braunschweig near Volkswagen's (VW) Wolfsburg headquarters, the court said on Wednesday.

The Braunschweig court said it received some 750 lawsuits on Monday alone, which marked the first business day after the one-year anniversary of VW's diesel emissions test-rigging scandal.

It said it brought in extra staff to process the suits submitted by shareholders concerned that Sept. 18, the day VW's manipulations were uncovered a year ago, may be the deadline to file.

($1 = 0.8970 euros)

(Reporting by Andreas Cremer; Editing by Christoph Steitz)

[ 2016 Thomson Reuters. All rights reserved.]

Copyright 2016 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

 

Back to top