Tags: EU | Germany | Volkswagen | Lawsuits

1,400 Investor Lawsuits Seek 8.2 Billion Euros from VW

Wednesday, 21 September 2016 07:09 AM EDT

FRANKFURT, Germany (AP) — A German court says it has added staff and storage space to handle the flood of investor lawsuits against Volkswagen.

The regional court in Braunschweig said Wednesday it has received 1,400 lawsuits seeking 8.2 billion euros ($9.2 billion).

On Monday alone, 750 lawsuits arrived from a single law office as a possible one-year deadline to file approached.

Institutional and individual investors claim Volkswagen did not disclose in a timely way that it faced costly action from U.S. regulators over cars with software that enabled them to cheat on diesel emissions tests.

They say the information could have enabled them to decide whether to sell their shares, which fell sharply after the U.S Environmental Protection Agency announced the case on Sept. 18, 2015.

Volkswagen says it met all its disclosure duties.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
A German court says it has added staff and storage space to handle the flood of investor lawsuits against Volkswagen.The regional court in Braunschweig said Wednesday it has received 1,400 lawsuits seeking 8.2 billion euros ($9.2 billion).On Monday alone, 750 lawsuits...
EU,Germany,Volkswagen,Lawsuits
133
2016-09-21
Wednesday, 21 September 2016 07:09 AM
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